The global smartphone shipments of Huawei witness 44% YoY jump in Q3 2023: TechInsights

TechInsights has released a report on global smartphone shipments for the Q3 of 2023 and noted that Huawei has increased 44% market growth as compared to the same quarter last year.

It is mentioned that Huawei’s new growth engine is driven largely by the Huawei Mate 60 Pro model, which also helped the company achieve a 50% growth rate in China for this quarter.

TechInsights said that Huawei’s return to Kirin chipset gave a spontaneous direction and it’s a big milestone. It’s also said that Huawei is also the only smartphone maker in the world with self-sufficient core chipsets.

The researcher is expecting that Huawei will reshape its smartphone market and strategy for the Chinese market in the coming quarters. This will have an impact on other Chinese phone brands as well as on Apple. Furthermore, Huawei could achieve a new market share in the next few quarters.

A new report forecasts that Huawei could ship around 100 million smartphones in 2024. This is more than double the count as compared to 2022 and the ongoing year.

Global:

The researcher shared that global smartphone shipments will fall by 5% year-on-year in 2023. This will happen due to various reasons including geopolitics, economic uncertainties, inflation, and rising prices. However, the market could return to shape in 2024 with a recovery rate of 3%.

Below you can check the top 5 brands of Q3 2023, according to TechInsights

• Samsung shipped 59.5 million units, with a market share of 20%, down 7.6% year-on-year
• Apple shipped 46.6 million units, with a market share of 15.7%, down 3.9% year-on-year
• Xiaomi shipped 41.5 million units, with a market share of 14.0%, a year-on-year increase of 2.5%
• OPPO shipped 27.7 million units, with a market share of 9.3%, down 5.8% year-on-year
• Transsion shipped 26.4 million units, with a market share of 8.9%, a year-on-year increase of 39.7%

Among the other brands, Vivo ranks 6th with a 17% year-on-year decline. Honor comes seventh with a 5% quarterly market share. Realtime comes 8th with 5% shares, and Lenovo and Motorola ranked 9th with 4% shares and an 11% year-on-year increase. Huawei has the 10th spot in the global smartphone shipment with a 44% year-on-year jump in Q3 2023.