2023-08-04 04:47:00
At a conference held this Friday, Huawei CEO Yu Chengdong said that the company is back in the smartphone market. For him, this is cause for celebration, since the company has faced a series of challenges in recent years.
Chengdong cites as an example of Huawei’s overcoming the data showing that the company grew 76.1% in the Chinese smartphone market. The company, which has already left the podium, has now returned to the local top 5 and has already tied with Xiaomi.
Currently, Huawei is in fifth place with 13% market share. The company was once an absolute leader and lost strength with US sanctions, but this revival shows that the Chinese consumer is open to giving the manufacturer another chance.
Chengdong also celebrated the fact that Huawei is one of the few manufacturers that has been growing amid a general drop in smartphone sales in China.
For him, this is the result of the good work with the Huawei P60 and Mate X3 lines, since the devices are among the best sellers in China.
The Mate X3 was in such high demand that it is out of stock in physical stores and even on the official Huawei website.
When asked regarding Huawei’s return to the 5G cell phone market, the executive prefers silence. Still, sources say the company has been working with SMIC to produce a 100% Chinese chipset with support for the fifth-generation network.
This may be influencing Huawei to predict the sale of not 30, but 40 million smartphones following the second half’s launches.
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