Huawei’s global premium smartphone segment hit double digits for the first time

While the entire smartphone market shrank 5% year-on-year for the quarter, the premium segment saw a considerable growth of 19%, according to Counterpoint Research’s Market Monitor.

Huawei’s share in the global premium smartphone segment hit double digits for the first time in the third quarter of 2018, according to report.

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Apple led the global premium smartphone segment capturing 47% share of the segment, followed by Samsung (22%), Huawei (12%), Vivo (five percent ), Oppo (five percent) and Xiaomi (three percent), Tarun Pathak, Associate Director at Counterpoint Technology Market Research, wrote in a blog post on Saturday.

In the $400 to $600 price range, Samsung led the market with a share of 25 percent, while Apple took up 21 percent. Huawei accounted for 17 percent.

From $600 to $800, Apple and Samsung posted a share of 61 percent and 21 percent, respectively. As for smartphones priced $800 and higher, Apple accounted for 79 percent of all sales, Counterpoint data showed.