China Hardware and Semiconductors_ Initial Assessment of Potential Handset Subsidy Impact
AstraZeneca·2024-12-05 02:58
Flash | 02 Dec 2024 09:12:54 ET │ 11 pages China Hardware and Semiconductors Initial Assessment of Potential Handset Subsidy Impact CITI'S TAKE The market is excited about the potential national handset trade-in subsidy, which we believe to fall in 1H25 as there are several provincial handset subsidy policies in 2H24. The latest Jiangsu subsidy is apparently more effective on higher cap, which benefits part of high-price smartphones, yet overall smartphone sell-out shipment was weak in 2H24 even with subsid ...