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Huawei’s new phones are selling like hotcakes, China’s market share has reached second place

huaweiA new mobile phone with 5G network speed was launched, which sold out in China. Huawei ranked second in the Chinese smartphone market with sales up 17% in the 36th week (September 4-10) and is expected to take the top spot in the 37th week, Chinese media said today, quoting data from an official market research agency.

According towall StreetAccording to reports, from August 29 to September 8, Huawei launched three models for sale without any announcement: Mate 60 Pro/Pro+ and Mate X5 (folding phone). Currently, it is difficult to find in China and is popular all over the world. Internet.

Huawei ranks second in the Chinese smartphone market with sales volume up 17% in the 36th week, just 0.2% behind first-place Honor, the report said, quoting data from an authoritative market research agency.the supply chainPeople estimate that Huawei is expected to reach the first position in sales and market share by the 37th week (September 11 to 17).

The International Data Corporation (IDC) China mobile phone market sales report for the second quarter of 2023 shows that the top 5 are Oppo, Vivo, Honor, Apple, Xiaomi and Huawei (ranked 5th).

Hong Kong Tianfeng International Securities analyst Ming-Chi Kuo issued a report on the 14th, saying that due to better than expected demand, Huawei’s Mate 60 Pro mobile phone shipment forecast this year has been raised by 20% to about 6 million units. Looking to 2024, Huawei will launch new high-end P series and Mate series mobile phones, with an estimated component purchase volume of 30 to 40 million units.

In 2022, Huawei will ship 28 million mobile phones, all of which are 4G mobile phones.

Huawei’s new phones are selling out of stock and are expected to return to China’s sales champion. However, many market participants have reservations and question whether its domestic mobile phone chip production and yield rates can be maintained at stable shipments.

China (TagstoTranslate) Huawei (T) Wall Street (T) Supply Chain

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