Strong sales growth at Huawei (HWT.UL) helped power an 11% rise in China’s total smartphone shipments in October, data from research firm Counterpoint showed on Tuesday, indicating signs of recovery in its lagging mobile market.
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.
“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.
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…Read more