Huawei is dominating the Chinese smartphone market. The company currently has a hold of nearly half of the smartphone market share in the region and is one of the leaders in the 5G market as well.
According to a new report by Counterpoint, the Chinese tech giant accounts for 46 percent of all smartphone sales in China. This amounts to more than the market share of its rivals including Oppo, Vivo, and Xiaomi combined. It also marks the highest market share held by Huawei in its entire history in China, with sales being 14 percent higher than the same period back in 2019.
Notably, the news arrives during the time where Huawei’s products have been criticized and shunned in various western countries. Furthermore, the company’s international sales have declined sharply as well. However, Huawei has invested heavily in its home country where it is still growing strong despite the ongoing coronavirus pandemic and scrutiny.
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This also arrives after the company lost TSMC as its chip supplier due to US sanctions. In China, the smartphone market has declined by a total of 17 percent, with competitors like Vivo losing 29 percent market share, Oppo witnessing a 31 percent decline, and Xiaomi falling by 35 percent in the same period. The decline is also primarily due to the viral outbreak, although, the situation is better than in early 2020.
One of the segments where Huawei dominates is the 5G handset market. The company has a foothold of about 60 percent for 5G devices in China, where the most number of 5G enabled smartphones are sold. Interestingly, one in every three smartphones sold in China was 5G ready. Similar to Huawei, even Apple made great strides in this period, with its growth being even higher than the Chinese brand, reaching a 32 percent rise year on year.
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