Chinese consumers are purchasing new phones less frequently: Report

Chinese consumers are purchasing new phones less frequently: Report
- According to a recent report by Penguin Intelligence, a Tencent backed research organisation in China, only 16 percent of iPhone users in 2017 said they are planning to change to a new handset each year, down from 27.8 percent last year.
The report, based on a survey of over 70,000 smartphone users in China, indicated that about half of users intend to change to a new phone every two years.
People using Android-powered phones are more inclined to change to a new handset every year, with 23.5 percent saying that they are planning to do so, although the number declined from 34.7 percent in 2016, the report said.