While the smartphone market recovers post the coronavirus pandemic, Huawei Technologies still struggles due to the US sanctions. Despite the market seeing a year on year growth of 20 percent, the company only held a 4 percent market share in Q1 2021.
According to a Counterpoint Research report, the global smartphone market saw a 20 percent year on year growth in the first quarter of this year, while recording a 10 percent quarter on quarter decline. The total shipments during this period reached 354.94 million units. During Q1, Samsung lead the market with a 22 percent market share, followed by Apple (17 percent), Xiaomi (14 percent), Oppo (11 percent), Vivo (10 percent), and finally Huawei (4 percent).
The report also added that the Indian smartphone market saw a decline in the second quarter, although, Xiaomi saw an 8 percent year on year growth in the region, reaching 26 percent market share. Similarly, Chinese smartphone makers also saw a significant growth in Europe, while Apple saw a decline. On the other hand, Huawei saw further decline in the region.
For those unaware, the Chinese tech giant’s smartphone operations has been struggling as US sanctions cut off its primary chip supplier TSMC. This had essentially crippled its smartphone business as it had to rely on its existing inventory for its new launches. Furthermore, the company even had to sell of its budget handset unit, Honor as well, while it expanded its business scope into other fields like the automobile industry and cloud computing related services.
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