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Goldman Sachs

May 28, 2026

China Smartphones April Shipments and Camera Trends

Sector ReportEquitiesInformation Technology

China's smartphone shipments rose 12% YoY in April to 25 million units, driven by strong 5G penetration of 96%. However, 2Q26 forecasts remain cautious with an expected 6% decline due to rising memory costs.

Key Takeaways

  • 1.April smartphone shipments in China grew by 12% YoY and 25% MoM, reaching 25 million units.
  • 2.5G penetration in China's smartphone market reached a high of 96% in April 2026.
  • 3.The average number of cameras per phone model has declined from its 2022 peak (3.8) to 2.9 in 2026 YTD, though higher pixel density (20MPx+) penetration is increasing.

Table of Contents

  • Key China smartphone data in April
  • China 5G phone market in April
  • China smartphone market in April
  • Smartphone camera pixels in leading China smartphone brands in 2026 YTD
  • China smartphone shipments and specification
  • Disclosure Appendix

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Authors

Allen ChangVerena JengTing SongYifan Hu

Securities

Largan PrecisionHon Hai Precision IndustryTaiwan Semiconductor Manufacturing Co (TSMC)AAC Technologies688036 CH

Themes

5G MaturityCamera Spec UpgradeInput Cost Pressures

Regions

Asia PacificChina