MTS reports jump in smartphone sales in Q3

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EBay launches smartphone sales program

EBay Inc. EBAY, -0.68% said Monday that it has launched a program, eBay Instant Selling, to help consumers sell used, unwanted smartphones. Users will get paid instantly with an eBay voucher once the phone is listed. An eBay study showed that 40% of Americans have two or more smartphones that they no longer use, but 61% have never sold or traded a smartphone. EBay also says it provides a higher return than trade-in values, for instance offering up to $639 for an iPhone X while AT&T Inc. T, -1.32% offers $550. EBay shares are up 0.3% in Monday premarket trading, but down nearly 24% for the year to date.

China's smartphone sales slowdown could hurt Apple's bottom line, Goldman says

As it stated in The smartphone market in China is only going to slump further, Goldman Sachs predicted in an investor note on Sunday. Sales could drop an estimated 15 percent year over year this autumn as companies like Huawei, Oppo, Vivo, and Apple struggle to find interested customers, Goldman said. Goldman analyst Rod Hall predicts Apple will sell 13 million iPhones in China during the holiday season, or 3 percent less than last year. Chinese smartphone shipments declined this year for the first time in a whileSmartphone shipments in China saw a big decline this year, after several years of positive growth. After all, larger screens would make gaming more convenient, and the number of Chinese mobile gamers has gone up exponentially over time.

collected by :John Smith