Huawei boosts China smartphone market share to 42% in third quarter - Canalys
Reuters
Published Oct 30, 2019 03:21
Huawei boosts China smartphone market share to 42% in third quarter - Canalys
SHENZHEN, China (Reuters) - Huawei Technologies [HWT.UL] strengthened its dominance of China's smartphone market, with shipments rising 66% in the third quarter as domestic consumers rallied behind it after U.S. sanctions, according to market data released on Wednesday.
While the Chinese smartphone market still contracted by 3% in the third quarter compared to a year earlier, Huawei smartphones made up 41.5 million of the 97.8 million shipped in the period, giving it a 42% market share, according to data from market research firm Canalys.
Huawei's growth came at the expense of main rivals Oppo, Vivo, Xiaomi (HK:1810) and Apple (O:AAPL), which together accounted for 50% of the market in the third quarter, down from 64% a year earlier.
The third quarter sales also mark Apple's weakest quarter in China for five years, Nicole Peng, Canalys vice president of mobility told Reuters.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.