News

Huawei, chinese smartphone market share will jump as rivals, losing ground: Canalys

A FILE PHOTO of A Huawei logo is displayed on a display screen of a mobile phone, in a store in Viña del Mar, Chile, July 18, 2019 at the latest. REUTERS/Rodrigo Garrido/File Photo

HONG KONG (Reuters) – Huawei Technologies [HWT.UL] has extended his lead to a drop in China’s smartphone market in the second quarter, with its market share rising to 38% if all of the other vendors have lost ground, according to data from market research firm Canalys.

Huawei, which was in the trade “black list” of the United States of america as of mid-May, shipped 37.3 million smartphones in China in the second quarter, up 31% year-on-year, according to Canalys. The market share has increased by more than 10 percentage points from the year-ago quarter was 27.6%.

In the second quarter, China’s shipments represented 64% of Huawei’s total smartphone shipments in the quarter, Canalys said.

Smartphone shipments in the world’s largest smart-phone market declined by almost 6% in the three months from June to 97.6 million units, according to Canalys. This was the 9th consecutive quarterly drop in China’s smartphone shipments, the data showed.

Oppo, Vivo, Xiaomi Corp. (To 1810.HK) and Apple Inc (AAPL.(O) in the top-4 data providers behind the Smartphone, we saw declines in shipments and market share in the quarter. Canalys analyst as a Mo Jia said, Huawei’s addition to the U.S. Entity List, and in May of caused the instability in the foreign country, but it is a shift from the focus on its home market, where it invested in an aggressive, offline expansion, and to attract consumers, domestic competitors, with a patriotic sales pitch.

Huawei is a “black list” drawn up by Washington and has threatened to cut access to the key US components and software for the Google Android.

The Chinese company is set to report its half-year results later in the week.

Reporting by Sijia Jiang; Editing by Muralikumar Anantharaman

Recent posts

Follow us

Don't be shy, get in touch. We love meeting interesting people and making new friends.

Most popular