Huawei, Apple gain bigger share of shrinking China smartphone market

Huawei Technologies and Apple both increased their share of the China smartphone market in the second quarter of 2020, bucking a broader trend as the overall market for handsets continued to contract.

Huawei shipped 40.2 million devices in China in the second quarter, 8per cent more than a year earlier, to increase its share of the market to a dominant 44per cent.Apple saw substantial year on year growth of 35per cent, selling 7.7 million units, though its sales made up only 8.5per cent of the total market.

The contraction suggests that despite China's economic resumption following coronavirus-related lockdowns, consumers are tightening their belts and holding off purchases of new phones. "Huawei is aiming to be the go-to 5G brand in China. Its 5G portfolio exceeded 60per cent of its total shipments in Q2."

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Apple delivers blowout earnings, strong iPhone revenue despite Covid-19NEW YORK (REUTERS) - Apple on Thursday (July 30) delivered blowout quarterly results, reporting year-on-year revenue gains across every category and in every geography as consumers working and learning from home during the Covid-19 pandemic turned to its products and services.. Read more at straitstimes.com.
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