IDC Honor Magic V2 ranks first in Q3 folding screen sales; Honor tops the domestic market share.

Honor Magic V2 Takes Top Spot in Q3 Folding Screen Sales According to IDC; Honor Leads in Domestic Market Share

【Mobile China News】According to the IDC’s report on the shipment volume of China’s mobile phone market in the third quarter, the Honor Magic V2 has significantly surpassed all other folding screen products with its strong product performance, becoming the top-selling folding screen product in the market. In the high-end market above $600, Honor’s shipment volume in China reclaimed the top spot with a 19.3% market share, thanks to the significant increase in market share brought by its three new folding screen products.

At the same time, market research firm Canalys also announced that in the third quarter of 2023, Honor captured the championship in terms of smartphone shipment volume and market share. Additionally, Counterpoint’s research data showed that in the third quarter of this year, Honor Magic V2 ranked first in the domestic “folding” smartphone market sales ranking, while Huawei’s Mate X3 and Mate X5 ranked second and third, respectively.

Currently, Honor’s latest release, the Honor Magic Vs2, is the best-selling foldable screen phone on JD.com during Double Eleven. As Honor’s latest foldable screen phone, the Honor Magic Vs2 impresses with its slim design, exceptional system interaction, and camera capabilities.

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• Huawei’s year-on-year growth increased by 37%! The ranking of smartphone market share in China for the third quarter has been released.
• Huawei holds a steady first place with a market share of 31.7% – the market shares for the first three quarters of the domestic folding screen market have been announced.

Honor has had an explosive growth in foldable screens this year, providing users with a diverse range of options for all demographics and price points, thereby driving the popularity of foldable screen smartphones. Honor’s three-fold screen offensive was the key driving force behind its rise to the top spot in the market in the third quarter. With the momentum of foldable screens, Honor achieved high-quality growth across all product categories and price points. By securing the top spot in the third quarter, Honor not only achieved a breakthrough in terms of quantity but also made a qualitative leap, quickly establishing a three-way competition in the high-end market.

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