Honor, the newly impartial smartphone firm after being sold-off by Huawei, will maintain round simply 2 p.c market share globally in the 12 months 2021, reveals a brand new report coming from analysis agency TrendForce.
Alternatively, the offloading of the Honor model is about to considerably hit Huawei. The Chinese language large’s market share subsequent 12 months is anticipated to be round simply four p.c, an enormous decline from 14 p.c this 12 months.
EDITOR’S PICK: Qualcomm to cooperate with Honor, presumably for the Snapdragon 888 chipset-powered flagship smartphone
Huawei can also be below a number of sanctions by america that prohibit the corporate from procuring vital parts, impacting the corporate’s skill to fabricate and launch new smartphones in the market. The sanctions are the explanation Huawei determined to promote its Honor model.
Xiaomi, one other Chinese language model, is about to achieve market share subsequent 12 months. The report provides that the market share of Xiaomi is anticipated to develop from 12 p.c to 14 p.c. As we reported, the corporate is aiming to ship 240 million smartphones subsequent 12 months in an formidable try to overtake Apple and Huawei.
OPPO can also be anticipated to get a 14 p.c market share subsequent 12 months, a rise from 12 p.c whereas Vivo might see its market share develop from 9 p.c to 11 p.c. Whereas firms like Xiaomi, OPPO, and Vivo have tightened their provide chain, Honor is more likely to have its provide chain points sorted by the second half of 2021.
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