Author: Tronserve admin
Friday 30th July 2021 06:51 AM
Huawei Phones Gain China Market Share From Patriotic Buying
Huawei Technologies delivered 36.3 million phones in its home market of China in the April-June quarter, up 27% from 1 year earlier, riding a patriotic backlash versus American sanctions on the company.
Huawei's market share grew 9.6 percentage points to 37% in IDC data out Tuesday. U.S. constraints imposed in May essentially bar the company from acquiring American components, yet shipments appear to have been barely affected by these measures.
The U.S. pressure has fueled purchases of Huawei devices here as Chinese companies encourage employees to buy them, for example. Huawei bucked the national trend of decreasing smartphone sales. Overall shipments in China dropped 6.1% on the year to 97.9 million last quarter. Full-year shipments sank for a second straight year in 2018 in a saturated market. Buyers are also growing thriftier amid soft corporate earnings.
Internationally, second-quarter smartphone shipments shrank 2.3% to 333.2 million units, according to IDC. Even as smartphone markets of developed economies become saturated, Huawei's shipments rose 8.3% to 58.7 million, thanks chiefly to sales in China.