|
Huawei was a major contributor to the average year-on-year
growth in the first four weeks of October, with its sales
surging 83%, a note from the firm showed.
According to the Counterpoint data, Xiaomi also saw a 33%
increase in smartphone sales in October. It did not provide
specifics around Apple's performance in the period. In August,
Huawei launched its Mate 60 smartphone series powered by what
analysts said are a self-developed advanced chip, seen by some
analysts as an answer to U.S. sanctions aimed at halting
shipments of some chips to China.
"The clear standout in October has been Huawei, with its
turnaround on the back of its Mate 60 series devices. Growth has
been stellar," said Counterpoint China analyst Archie Zhang.
"Demand continues to be high double-digits and we’re also seeing
a halo effect, with other models from the vendor performing
well."
However, Counterpoint said there could be lingering bottlenecks
for Huawei as it may still experience certain production issues.
"Huawei’s ability to scale up to this new normal will be a major
determinant not just for their own growth, but for the broader
market,” said Ivan Lam, senior Counterpoint analyst.
China's smartphone market has seen sales fall over several
quarters, with a 3% drop in the quarter ending June, according
to Counterpoint.
Analysts expect the market may be poised for a rebound, with
research firm IDC predicting unspecified year-on-year sales
growth in the fourth quarter after ten consecutive quarters of
falling shipments.
(Reporting by Yelin Mo and Brenda Goh; Editing by Jan Harvey)
[© 2023 Thomson Reuters. All rights
reserved.]
This material may not be published,
broadcast, rewritten or redistributed.
Thompson Reuters is solely responsible for this content.
|
|
