A survey conducted by Nikkei Asia Review has revealed that Huawei surpassed Apple and grabbed the second largest market share for smartphones across the globe, for the first time in 2019.
The report stated that Chinese companies are continuing to expand their presence in the race for dominance in global high-technology markets with a boost from robust domestic demand.” Furthermore, the survey also revealed that out of 74 high tech sectors, China boasts the largest market share in 12 of them, which is up from 10 from the previous year. This arrives despite increasing pressures from the US, which also dominates the largest market in 25 of such sectors.
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Despite the US-China trade disputes and the export ban on Huawei, the Chinese smartphone vendor still managed to pass Apple for the first time. The company an additional 2.9 percentage points, making its market share rise to 17.6 percent, surpassing Apple. Just 5 years prior, Apple and Samsung combined held 39 percent market share, with Huawei only having 5 percent. Huawei is still a major player in the market with its more recent quarter market share being 20 percent.
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