According to the data released by Counterpoint Research, smartphone sales in the Chinese market registered a decline of 22 percent Year-on-Year and 24 percent Quarter-on-Quarter for the Q1 2020.
The report attributes such massive fall in the market to the COVID-19 pandemic. It reveals that the top five leading brands in the market accounted for 93 percent of the market share, up by 6 percent compared to the last year.
As per the report, the month of February along registered a decline of 35 percent YoY in smartphone shipments in China. However, it adds that the online sales grew to 50 percent, up around 20 percent compared to last year.
Huawei, the Chinese giant, continues to lead the market with a market share of 40 percent and remains the only company on the list that achieved positive Year-on-Year growth despite the coronavirus outbreak.
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While Huawei registered 6 percent growth, the report shows that Apple show a minor decline of 1 percent while other brands on the list — Vivo, OPPO, and Xiaomi registered decline of 27 percent, 30 percent and 35 percent respectively.
The Counterpoint report also adds that within just six months after commercialisation of 5G in China, the penetration of 5G smartphone sales jumped to over 15 percent in Q1 2020 while the sale of 5G smartphones grew by nearly 120 percent QoQ.
Huawei also lead the 5G wave in the Q1 2020 in China, followed by Vivo, OPPO, and Xiaomi. The growth of 5G devices in China is also due to the fact that many manufacturers launched sub-$400 5G smartphones in the market. Further, it adds that by the end of this year, the 5G smartphone shipments could account for 40 percent of the market in China.
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