China smartphone export prices to US drop 45% in June

Suppliers appear to be absorbing tariff burden to maintain market share

Chinese smartphone maker Oppo's offerings on display in Tokyo. (Photo by Tetsuya Kitayama)

BEIJING -- Export prices of U.S.-bound smartphones from China fell 45% on the year for June on a per-unit basis, official data shows, suggesting that Chinese suppliers are willing to weather financial pain from the Trump administration's tariffs to maintain business.

Prices of video game consoles fell 23%, based on Nikkei's analysis of comprehensive data released Sunday by China's General Administration of Customs. Irons and pocket watches declined about 5% each.

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