News
Huawei marks 76% yearly growth in China’s smartphone market in Q2 2023, tied with Xiaomi
Even after selling 4G phones, Huawei continues to recover its market share in China and the company now achieved a 76% yearly growth rate in Q2 2023 results.
Data from IDC shows that Huawei recorded a 13% market share and tied with Xiaomi for fifth place. In the past two years, Huawei declined from the top 5, and last year, it even disappeared from all reports.
In Q2, 2022, Huawei grasped a 7.3% market share, which is now turned into 13%. The researcher says that Huawei is the largest growth maker on the list. While on the other hand, Apple is the only second to make a positive growth number at 6.1%.
The entire market share tally for the Q2 2023 smartphone industry in China comes as the following.
- OPPO 17.7%
- Vivo 17.2%
- Honor 16.4%
- Apple 15.3%
- Xiaomi 13.1 %
- Huawei 13%
Huawei:
IDC says that Huawei’s progress happened because of rapid launches. It is rebounding in shipments and the second quarter marks its largest increase among the top manufacturers.
The Huawei P60 series and Mate X3 performed excellently among consumers and helped the phone maker to maintain its place in second place for phones above $600.
What’s more important is that Huawei is the only company that sells 4G smartphones in 2023 and it has many disadvantages over its competitors. Amid these key factors, Huawei keeps on gaining momentum in the home ground. And the latest 76% yearly growth rate shown in Q2 2023 report is the result of efforts made by Huawei to overcome challenges in the supply chain.
Shipments:
The Q2 2023 data shows that China’s smartphone market to ship about 65.7 million units, a year-on-year decrease of 2.1%. The decline rate has narrowed significantly compared to the past. Shipments in the first half of the year were about 130 million units, a year-on-year decrease of 7.4%.
IDC mentioned that during the entire “618” mid-year promotion period in China, despite the double preferential subsidies of manufacturers and e-commerce platforms, and the intensity was strong, smartphone sales still fell by over 5% year-on-year, and consumer demand continued to slump.
Currently, the basic consumer demand has not yet recovered, so the shipments of manufacturers and the upstream of supply chain will not change significantly.
