- The annual growth of Huawei reached 37% in China in the third quarter of 2023
- This growth is led by the Huawei Mate 60 Pro and the new Kirin chipset
- Honor ranked first in terms of market share
Huawei keeps on increasing its market share, as recently, the company has posted a 37% increase in its annual growth in the third quarter results of 2023 in China, according to Counterpoint Research.
Huawei ranked sixth in the overall sales tally with 12.9% market share in Q3 2023 compared to 9.1% shares in Q3 2022. The company achieved the new results with a 37% YoY sales growth rate. This is a big milestone for Huawei and its increasing efforts to grow further in the market.
Counterpoint notes that all of the smartphone makers in the industry have been lacking real progress except for Huawei. The report also points out that the Huawei Mate 60 Pro and the return of the Kirin chipset helped the company to post good sales on the board.
“It has made a huge splash in the market, contributing big to Huawei’s smartphone sales growth of 37% YoY in Q3 2023. Commenting on Huawei’s performance,” said Senior Analyst Ivan Lam.
Huawei Mate 60 Pro was launched on August 29 exclusively in China. The company made this sudden unveiling with a massive surprise of returning a 5G network access with a new Kirin 9000s chipset.
Data shows that the company has sold about 1.6 million devices within six weeks of launch. Still, the Huawei Mate 60 Pro is claiming a heavy interest to customers. On the other hand, the company resolving issues in the supply chain and trying to find solutions for a better production rate of new units.
Smartphone sales in China declined by 3% yearly in the third quarter of 2023. Huawei’s former smartphone subsidiary – Honor ranked first with an 18.3% market share and 3 percent on year growth.
Vivo comes second with a 17.8% market share and 13% decline as compared to the past year. Oppo on third has 16% shares as compared to 18% in Q3 2022. Apple and Xiaomi ranked 4th and 5th with a 10% decline and 5% annual growth.