untitled design

Perhaps Huawei’s final triumph. The company tops the Chinese market for the quarter and all of 2020

According to a fresh report from research firm International Data Corporation (IDC), smartphone shipments in the Chinese market in the fourth quarter of 2020 were approximately 86.4 million units, up 0.3% from the same period last year.

The fourth quarter saw significant increases in shipments from Apple, Oppo, Vivo and Xiaomi. In terms of specific rankings in the fourth quarter, Huawei, Apple, Oppo, Vivo and Xiaomi are in the lead. Although Huawei’s shipments fell 34.5% year on year, it still ranks first with a 25.1% share.

Looking at all of 2020, Huawei is still ahead of the competition. The market share is 38.3%, which is 0.1% less than in 2019, when it was 38.4%. In second place is Vivo with a market share of 17.7%. This shows that the # 1 Huawei has a market share over 50% higher than the # 2 Vivo. Oppo, Xiaomi and Apple are ranked third through fifth, respectively. Except for Apple’s year-over-year growth, the other four manufacturers have experienced varying degrees of decline.

Perhaps Huawei's final triumph.  The company tops the Chinese market for the quarter and all of 2020

In the fourth quarter, 5G mobile phone shipments in China totaled about 60 million units. In 2020, cumulative shipments were about 167 million units, accounting for over 50% of total shipments.

Huawei’s shipments in the fourth quarter were down nearly 50% from the same period last year. While the demand for Huawei’s products is still huge, Huawei will not be able to meet the demand for the foreseeable future. Analysts are confident that other leading manufacturers are using this opportunity to strengthen their position.

.

You may also like

NZD/USD falls on dovish RBNZ stance
Markets
Joshua

NZD/USD falls on dovish RBNZ stance

RBNZ Governor Orr was dovish, which seems to put pressure on the New Zealand Dollar. GDP and initial jobless claims

Get the latest

Stay Informed: Get the Latest Updates and Insights

 

Most popular