Huawei is dominating the Chinese language smartphone market. The corporate at the moment has a maintain of almost half of the smartphone market share in the area and is likely one of the leaders in the 5G market as nicely.
In accordance with a brand new report by Counterpoint, the Chinese language tech big accounts for 46 % of all smartphone gross sales in China. This quantities to greater than the market share of its rivals together with Oppo, Vivo, and Xiaomi mixed. It additionally marks the very best market share held by Huawei in its complete historical past in China, with gross sales being 14 % larger than the identical interval again in 2019.
Notably, the information arrives in the course of the time the place Huawei’s merchandise have been criticized and shunned in varied western nations. Moreover, the corporate’s worldwide gross sales have declined sharply as nicely. Nevertheless, Huawei has invested closely in its dwelling nation the place it’s nonetheless rising robust regardless of the continuing coronavirus pandemic and scrutiny.
This additionally arrives after the corporate misplaced TSMC as its chip provider attributable to US sanctions. In China, the smartphone market has declined by a complete of 17 %, with opponents like Vivo dropping 29 % market share, Oppo witnessing a 31 % decline, and Xiaomi falling by 35 % in the identical interval. The decline can be primarily because of the viral outbreak, though, the scenario is healthier than in early 2020.
One of many segments the place Huawei dominates is the 5G handset market. The corporate has a foothold of about 60 % for 5G units in China, the place essentially the most variety of 5G enabled smartphones are bought. Curiously, one in each three smartphones bought in China was 5G prepared. Just like Huawei, even Apple made nice strides in this era, with its development being even larger than the Chinese language model, reaching a 32 % rise yr on yr.
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