Huawei First-Quarter Shipments More Than Double, Tied for First Place in China Market
By Jiahui Huang
Huawei's first-quarter smartphone shipments in China more than doubled, putting it in a tie with Honor as the top smartphone sellers in the world's largest smartphone market, according to International Data Corporation.
The report from research firm IDC on Thursday was broadly in line with Counterpoint Research's release earlier this week, which showed increased market share in China for Huawei and other Chinese smartphone makers while Apple lost ground.
Huawei's first-quarter smartphone shipments rose 110% compared with the same period a year earlier, taking its market share in China to 17.0% from 8.6% a year earlier, IDC said.
It was effectively tied with Honor, which took 17.1% of the market, up from 16.1%. Oppo took 15.7% of the market and Apple, which had the largest share of China's smartphone market in the fourth quarter, saw its share fall to 15.6% from 17.8%.
Intense competition from Android smartphones with AI features and foldable products had dulled Apple's allure, resulting in lower iPhone shipments, IDC said.
"Huawei made a strong comeback and achieved a tie with Honor, though supply constraints will still be a pain point," IDC senior research analyst Arthur Guo said.
Huawei has been regaining market share after several years of sanctions which limited its access to advanced chips. It resumed sales of Mate 60 series phones in China in August and regained a spot among the top five smartphone sellers in China late last year
Vivo rounded out the top five places in China's smartphone market with a market share of 14.6%.
Write to Jiahui Huang at jiahui.huang@wsj.com
(END) Dow Jones Newswires
April 25, 2024 01:45 ET (05:45 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
For Bond Investors, Delayed Rate Cuts Demand a Different Playbook
-
What’s Happening In the Markets This Week
-
How the Tokyo Stock Exchange Is Pushing for Better Shareholder Returns
-
Magnificent 7 Stocks Earnings Updates: AI Remains the Focus
-
Where We See Opportunities After an Ugly Month for Stocks
-
After Earnings, Is Alphabet Stock a Buy, a Sell, or Fairly Valued?
-
When Will the Fed Start Cutting Interest Rates?
-
What’s the Difference Between the CPI and PCE Indexes?
-
Berkshire Hathaway Earnings: Strong Insurance Results Continue to Lift Revenue and Profitability
-
10 Questions for Berkshire Hathaway’s 2024 Annual Meeting
-
After Earnings, Is Ford Stock a Buy, a Sell, or Fairly Valued?
-
3 Dividend Stocks for May 2024
-
Amgen Earnings: Obesity Drug Update Is Highly Encouraging
-
What’s Going on With Apple, Tesla, and Alphabet?
-
Apple Earnings: A Weak 2024, but Optimism for 2025
-
4 Utility Stocks to Play the AI Data Center Boom