Huawei’s growth to shake Chinese and global smartphone markets in next quarters: TechInsights

Huawei is keenly focusing on its growth and it looks like the company will soon reshuffle the Chinese and global smartphone markets – says the well-known research organization TechInsights. The firm shared new inputs regarding the phone franchise.

According to the information, TechInsights has recently published the 2023 Global smartphone market report for the top 5 brands. Apart from the ranking, the research firm revealed that Huawei’s annual growth rate is 93% in the 2023 Chinese market.

TechInsights further cited that Huawei is in full swing and its constant growth could reform the Chinese and global smartphone markets in the upcoming quarters.

Notably, the Chinese tech giant is at an advantage due to its rigidity in the home ground. The company has played a wonderful move by unveiling the Mate 60 series with Kirin chipsets. It ultimately helped Huawei retain its shares in the Chinese smartphone market and occupy its place in the top five rankers in Q4 2023.

Moreover, the manufacturer is busy making iconic products like Huawei P70 series. We are also hearing rumors about new Kirin chips as well as the Mate 70 smartphone lineup. Thus, the company is eligible to make big moves in the market.

No doubt, Huawei’s new achievements will put major pressure on Apple and other Chinese tech vendors that are planning to take the lead in this race. Reports have already predicted a significant decline in the iPhone shipment this year and we may see the same outcome for other brands as well.

Speaking of the latest ranking list, TechInsights reveals that the overall smartphone shipment in the global market was around 1.1516 billion units, which is a decline of 3.9% YoY. Although Samsung landed in first place with 20% of the market share, followed by Apple, Xiaomi, OPPO, and other brands.

(Via)