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  HOME | Business & Economy (Click here for more)

Huawei Breaks Sales Records in China, Grabs 42% Market Share in Q3

BEIJING – Chinese telecoms company Huawei broke its sales records in China in the third quarter of this year with a year-on-year growth of 66 percent, increasing its market share to 42 percent, far ahead of its competitors.

According to a report by technology market analyst firm Canalys released Wednesday, Huawei obtained 25 percent more market share between July and September than its immediate competitor, Vivo.

The United States blacklisting the company and banning US companies from doing business with Huawei appears to have boosted the firm’s position in the Chinese domestic market.

Huawei sold 97.8 million mobile phones in the Asian country to capture 42 percent of the market while its competitors Vivo (17.9 percent), Oppo (17.4 percent), Xiaomi (9 percent) and Apple (5.2 percent) had a combined market share of 50 percent.

Huawei, the world’s second largest phone maker, sold 41.5 million phones in China in the third quarter, a 66 percent growth over the previous year, according to Canalys’ data.

On Oct. 23, Huawei announced that it had sold 200 million smartphones worldwide so far this year, two months earlier than it did in 2018, when it achieved the feat for the first time.

Huawei’s inclusion on Washington’s blacklist has meant that US companies such as Google can no longer do business with the Chinese company, which has raised concerns among millions of mobile phone users worldwide over the uncertainty surrounding future updates to the Android operating system, owned by Google.

It has also led Huawei mobile phone sales to fall, not only in the US, but also in Europe and countries such as Spain, where it had become the market leader last year.

In its trade war with China, Washington argues that Huawei poses a national security risk as its mobile phones and other technological equipment could be used by Beijing to spy, which the Shenzhen-based company has repeatedly denied.

 

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