US Media Huawei Replaces Apple to Sit on the Top Seat of the Recent Chinese Mobile Phone Market Share

Huawei Overtakes Apple to Claim Top Spot in Recent Chinese Mobile Phone Market Share, According to US Media

【Mobile China News】On October 18th, Mobile China learned that according to a report from investment bank Jefferies, driven by brands such as Huawei, Xiaomi, and Honor, smartphone sales in China are showing a positive year-on-year growth. However, at the same time, iPhone sales have seen a significant decline, allowing Huawei to replace Apple in the recent market share of the Chinese smartphone market.

US Media: Huawei replaces Apple to sit on the top spot of the recent Chinese smartphone market share

The latest statistics released by international market analysis firm Counterpoint Research show that despite the iPhone 15 being on the Chinese market for over half a month, its sales have declined by 4.5% compared to the performance of the iPhone 14 series during the same period last year. Analysts from Jefferies believe that the sales of the iPhone 15 are expected to see a double-digit percentage decline compared to its predecessor.

In contrast, Huawei has shown strong sales growth with its new smartphones released in August this year. Counterpoint Research believes that the sales of the Huawei Mate60 Pro this year could reach as high as 6 million units, while Huawei sold approximately 22 million smartphones in total last year. Jefferies believes that if this trend continues, Apple’s position as the top player in the Chinese smartphone market share will be taken over by Huawei.

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CNBC also cited a report released by Morgan Stanley analyst this week, stating that Apple’s target stock price has been lowered from $215 to $210. The analysts stated that due to supply headwinds, they are more cautious about Apple’s performance in the next quarter and have adjusted the expected iPhone sales for this quarter down by 8%.

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