Huawei is seemingly having fun with nice reputation and model loyalty, significantly within the gross sales of two of its newest flagship units. Huawei CBG CTO Bruce Lee introduced throughout the current Huawei Cellular Innovation Expertise Media Communication Convention that the Mate X3 foldable is the highest vendor in China, whereas the P60 series are the highest sellers within the nation within the 4000 to 6000 yuan value phase.
There may be a further asterisk someplace in these primarily inside, self-reported statistics, however regardless, we are able to’t deny that there’s clearly some fact to the claims. In keeping with Counterpoint analysis and some different market researchers, Huawei is a standout success story amid an general declining home gross sales market.
Huawei achieved a cargo enhance of 41% and elevated its market share to 9.2% YoY in Q1 2023 in comparison with Q1 2022. It actually appears to be like like Huawei is managing to remain actually aggressive on its house turf. In keeping with trade analysts, Huawei has nice long-term belief and model loyalty inside the nation, with customers appreciating the continued innovation from the corporate. Apparently, the shortage of 5G shouldn’t be an enormous issue within the equation.