New figures on the Chinese smartphone market show Huawei’s crash. The share has fallen significantly, while another manufacturer has caught up noticeably. In addition to Honor, Apple is also one of the big winners.
Huawei: Honor takes over China market shares
According to new figures from market researchers at Counterpoint Research, Huawei’s market share in domestic China has fallen significantly. Within a year, the share of 15 percent went up only 6.2 percent return. Huawei’s heavy loss is reflected in gains at Honor. The former Huawei subsidiary now stands at 16.9 percent, compared to 5.5 percent a year ago.
Overall, the Chinese smartphone market is in the first quarter of 2022 down 14 percent. Only 74.2 million cell phones were sold in the first three months of the year. A similar decline was already observed at the height of the corona pandemic.
After extensive US sanctions, which still prohibit American companies from doing business with Huawei, the manufacturer sold its Honor brand to a Chinese consortium. The cash injection between 1.9 and 3.15 billion fraud was sorely needed for Huawei. It is not known whether and to what extent Huawei is still cooperating with Honor. Rumor has it that both companies are still working together behind the scenes. But there is no proof of this.
Honor’s success is also related to the Honor 60:
Smartphone market in China: Apple is also growing
In addition to Honor, Apple is one of the winners of the first quarter. The market share in China is now 17.9 percent, which is a increase of 3.2 percent is equivalent to. Vivo and Oppo are ahead of Apple with 19.7 percent and 18 percent respectively. Both brands have suffered losses of 2 to 4 percent in the first quarter of 2022. Xiaomi’s share has remained roughly the same (source: Counterpoint Research).