Huawei sold 10.8 million units in Q3 2024 Chinese smartphone market

Huawei is marching forward in the Chinese smartphone market with 10.8 million shipments in Q3 2024. A new data listing reveals that the company is doing great on its home turf, outperforming many rivals and gaining a significant market share.

The Chinese smartphone market report by Canalys shows that Huawei has sold 10.8 million units in Q3 2024. It obtained the second spot with a 16% market share.

Last year (same period), the company shipped 8.7 million smartphone units, capturing 13% of the market share. This time, Huawei earned a hike of 2.1 million units.

These achievements ultimately raised the company’s annual growth rate by 24%. According to the report, Huawei’s overall progress has been driven mainly by an active channel strategy to support its newly launched flagship products.

Canalys further notes that the world’s first triple foldable – Mate XT has also contributed to the company’s smartphone sales revenue. The tri-fold resulted in huge excitement among consumers for the upcoming Mate 70 lineup.

One of the Canalys Research Analysts – Lucas Zhong says:

“Huawei’s Mate XT Ultimate, released in September, sparked discussions about tri-fold, driving attention to its coming Mate series.”

Lucas adds that Huawei, Honor, and other Chinese tech makers have now entered the AI phase with smarter features. These additions aim to enhance user experiences.

Q3 2024 Chinese smartphone market report (Image Credits: Canalys)

Apart from Huawei, vivo remains at the top with a shipment of 13 million units. Honor ranked third and sold 10.3 million phones but declined from the last year’s figure. Xiaomi is in fourth place and sold 10.2 million units, achieving a 15% market share.

Apple is standing in fifth position with 10 million unit shipments and has obtained 14% of the market share. But the annual progress dropped by 6%. Good news is iPhone 16 series is performing well in the Chinese market despite AI-less features.

The overall Chinese smartphone market in Q3 2024 has sold 69.1 million units, an increase of 4% YoY. The respective sector is in its most active period of the year and may show new increments in the next quarter of 2024.

Q3 2024 Chinese smartphone market report (Image Credits: Canalys)

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