Huawei tightens China market hold with 42% share at expense of iPhones: Canalys

SHENZHEN, China - Huawei Technologies captured a record 42% of China’s smartphone market in the third quarter as local consumers rallied behind it after U.S. sanctions, leaving Apple to languish towards the bottom of the pile, market data showed.

The July-September quarter marked the iPhone’s weakest sales in China in five years, said Nicole Peng, vice president of mobility at Canalys, with shipments likely down more than a quarter. The company was then granted a reprieve until November but the blacklisting pushed up patriotic purchases of its smartphones in China, helping it more than offset a shipments slump in the global market.

“This puts significant pressure on Oppo, Vivo and Xiaomi, which find it very hard to make any breakthrough.” The Chinese smartphone market contracted by 3% in the third quarter, and Huawei smartphones made up 41.5 million of the 97.8 million shipped in the period, Canalys said.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Huawei and ZTE could lose what little business they have in the United StatesThe US Federal Communications Commission wants to place more restrictions on Huawei and ZTE, by barring companies that receive government money from purchasing equipment or services from the Chinese tech firms. Still not seen the US do called evidence they seem to have..... EconomicWar PlebsAlwaysSuffers
Source: CNN - 🏆 4. / 95 Read more »