The sales volume of Qiutai Technology (01478) 10 mobile phone products was 388.45 million units, a decrease of 22.6% month-on-month and a decrease of 37.7% year-on-year

According to Zhitong Finance App News, Qiu Tai Technology (01478) announced that in October 2026, the group's mobile phone product sales volume was 388.45 million units, down 22.6% from the previous month, down 37.7%; the sales volume of automotive products was 999,000 units, down 15.5% from the previous year, down 24% year on year; the sales volume of IoT products was 2.252 million units, down 4.4% month on month and 6.4% year on year.

According to the announcement, sales volume of mobile phone products declined month-on-month and year-on-year, mainly due to poor demand due to the impact of customer project cycles and the impact of rising storage prices in the smartphone market. Sales volume of automotive products decreased month-on-month and year-on-year, mainly due to the impact of customer project cycles. The year-on-year increase in IoT product sales is mainly due to the steady increase in sales volume of the Group's camera modules used in XR products and lidar products used in products such as drones over the same period.