Huawei Technologies lifted its share of China's smartphone market to a reco...
SHENZHEN, China - Huawei Technologies lifted its share of China’s smartphone market to a record 42%, with third-quarter shipments rising by two-thirds as domestic consumers rallied behind it after U.S. sanctions, data released on Wednesday showed.
The world’s No. 2 maker of smartphones was granted a reprieve until November. Nevertheless, promotions and patriotic purchases have driven Huawei’s smartphone sales in China, helping it more than offset a shipments slump in the global market. Huawei’s growth came at the expense of main rivals Oppo, Vivo, Xiaomi and Apple, which together accounted for 50% of the market in the third quarter, down from 64% a year earlier.However, she added that Apple received a boost from the launch of the iPhone 11 in September, with customers willing to wait two to three weeks to receive shipments of the newer models.
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