Huawei grew 19% YoY in Q3 2024 Chinese smartphone market: TechInsights

Huawei has captured a 19% YoY growth rate in the Chinese smartphone market for Q3 2024. A new report by TechInsights reveals that Huawei is gradually proceeding in the smartphone sector, following its flagship and mid-range phone launches.

TechInsights has published its data on the Chinese smartphone market conditions in Q3 2024. The overall sales have jumped to 3% YoY showing good progress.

Amid these details, the report shows that Huawei has secured a 19% (19.3) annual growth rate in the Q3 2024 Chinese smartphone market. However, it ranked sixth in the top tech vendors list which is a bit unexpected after a high sales revenue.

Perhaps this is the reason why Huawei’s net profit fell in the third quarter of this year. (Check the company’s financial report HERE) Anyways, the company shipped 9.9 million units in Q3 and obtained a 15.1% share of the Chinese market.

The report shows that Huawei is walking side by side with Apple in terms of shipment and market share. Although the former is a few steps ahead when it comes to annual progress. Input reveals that Mate 60 series is still a solid demand in the market.

Q3 2024 Chinese smartphone market report: (Image Credits: TechInsights/ITHome)

Speaking about the other rankers, Vivo topped the listing with 12.5 million unit shipments and an increase of 17%YoY. It has achieved a market share of 19.0%.

OPPO grabbed the second place and sold 10.2 million phones in Q3 2024. Yet, it has dipped to 6.4%YoY and secured 15.5% of the market share. The next is Xiaomi with 10.2 million units in sales, a 15.5% market share, and a 12.7% YoY growth rate.

Honor and Apple are standing in the fourth and fifth positions, respectively. The former shipped 10 million devices with a 15.2% market share and a drop of 10.7%. Meanwhile, the latter shipped 9.9 million units and grew by 2.1% YoY.

Apart from smartphones, TechInsights also revealed how the three main OS in China are performing. HarmonyOS has once again proved that it is pacing with new features and smarter capabilities.

HarmonyOS market share soars 15% in China while Android dips: Q3 2024

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