Taiwan’s cellphone exports plummet more than 70% in 11 month period

Focus Taiwan
Date: 2018/12/22
By: Chiu Po-sheng and Frances Huang 

Taipei, Dec. 22 (CNA) In the first 11 months of this year Taiwan’s cellphone exports fell more than 70 percent from the previous year, amid escalating competition in the global market, according to the Ministry of Finance (MOF).

Data compiled by the ministry showed exports of Taiwan-made cellphones — smartphones and feature phones — totaled US$400 million in the 11 month period, down 71.9 percent from a year earlier. The MOF said the decline was the steepest ever seen by the domestic cellphone industry.

The ministry noted that Taiwan’s cellphone exports hit a peak of US$10.6 billion in 2011.

The MOF data also showed that led by strong cellphone exports, Taiwan’s export of internet/communication devices hit a high of US$16.9 billion in 2011, accounting for 5.4 percent of the country’s total exports that year, the data indicated.
[FULL  STORY]

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