iPhone maker hits record market share, claims No.1 spot
[ad_1]
Apple’s flagship store for smart products in Shanghai (China) will sell iPhone13 phones to customers on October 12, 2021.
Getty Images| Costfoto | Barcroft Media | Getty Images
Apple’sIn China, the smartphone market share reached a record level in the fourth quarter. Apple has reclaimed the No. 1 spot for the first six years.
According to Counterpoint Research, the Cupertino market giant held 23% and saw sales grow 32% in December.
Apple’s solid growth was despite the 9% drop in smartphone sales from China. This is thanks to Apple’s iPhone 13 line-up, which was launched in September.
Mengmeng Zhang from Counterpoint Research stated in a press release that the iPhone 13 was a success because of its lower price in China.
The next generation super-fast internet, 5G, is being developed around the globe and in China.
Due to ongoing US sanctions, Huawei, Apple’s major competitor, saw its sales decline.
Chinese giant Huawei — once the number one smartphone player in China and the world — has been crippled by U.S. sanctionsThe company was unable to access key software or components that were necessary for the production of its products.
Counterpoint Research reported that Huawei held a mere 7% share of China’s market in the fourth quarter, and that sales fell 73% over the same period last year.
Chinese brand Vivo was second, with 19% market share. Oppo came in at 17%.
Honor is the brand of smartphone that Huawei used to own but spun off into a separate businessThe fourth-largest player was a monopolist with 15% of market share. XiaomiWith 13%
These brands all come from Chinese smartphone manufacturers that are also expanding internationally.
China market declines
Counterpoint Research reported that sales of smartphones in China fell by 2% over the past year for several reasons.
Counterpoint Research’s senior analyst Ivan Lam said that vendors have been unable to ship smartphones due to a global component and semiconductor shortage.
Lam stated that China’s smartphone replacement cycles are getting longer.
An analyst said that China was “experiencing complex economic environments where exports drive the growth, and domestic spending remains lowluster.” A slowdown in consumer spending has contributed to the stagnation. drag on the Chinese economy.
[ad_2]