The China Academy of Information and Communications Technology (CAICT) released a report on Monday revealing phone shipments for March in China totaled 21.5 million units, a drop of 41% compared to the same period last year. Despite the decrease, the figures represent a rebound in growth following a sharp fall in phone shipments in February, totaling 14.9 million. Hu Boshan, deputy vice director of phone maker Vivo, told Chinese media outlet Securities Times that a lack of significant new developments in the phone market was affecting sales, adding that, “if there is no good innovation to attract consumers, they will take longer to buy new phones.” [CAICT, in Chinese]