New Delhi
CNN
—
Huawei will not be solely making a roaring comeback in China, it is usually on the verge of overtaking Apple on this planet’s largest smartphone market.
The Shenzhen-based conglomerate, which has been a flashpoint within the escalating rivalry between Washington and Beijing, noticed 70% year-on-year progress in its smartphone gross sales in China within the first quarter, whereas Apple’s gross sales declined by greater than 19%, in response to Counterpoint Analysis.
“Apple’s gross sales had been subdued in the course of the quarter as Huawei’s comeback has instantly impacted Apple within the premium phase,” mentioned Ivan Lam, senior analysis analyst at Counterpoint.
The iPhone maker, which led China’s smartphone market with a share of almost 20% within the first quarter of 2023, has fallen to the third spot within the first three months of this 12 months, in response to Counterpoint. Its market share now stands at 15.7%, whereas Huawei’s has jumped to fifteen.5%, from 9.3% final 12 months.
Huawei’s fashionable Mate 60 Professional smartphone made headlines final 12 months when the US authorities sought more information concerning the mannequin, which included a complicated processor. Its debut shocked business specialists who questioned how the corporate may purchase such a chip following sweeping efforts by the USA to limit China’s entry to international chip know-how due to nationwide safety issues.
Counterpoint’s knowledge comes simply days after one other market analysis agency IDC mentioned Apple’s international smartphone gross sales had tumbled 10% in the first quarter, primarily due to lack of momentum in China.
China is the most important market behind the USA for Apple, however the firm is going through a difficult time on this planet’s second-largest economic system. Chinese language customers, who as soon as would have thought of Apple, at the moment are turning to Chinese language manufacturers.
General smartphone gross sales in China grew 1.5% within the first quarter, in response to Counterpoint. Native smartphone makers Vivo and Honor had been the highest two manufacturers by market share.