The Chinese language smartphone market grew by 6.5% in Q1,2024 because of strong demand for Huawei and Honor gadgets. The IDC quarterly cell phone tracker reveals an estimated complete of 69.3 million smartphones have been shipped within the first three months of the yr, led by Honor and Huawei. The 2 corporations are neck and neck for the main place with every controlling a 17% share of the market.

Huawei’s market share development is spectacular with a 110% rise in comparison with Q1 2023. The drive was pushed by the New Lunar 12 months procuring spree within the low and midrange segments and the AI buzz within the premium gadget class. Honor led the way in which because of robust demand for its Magic6 collection. Huawei had a powerful return within the smartphone market. Oppo got here in third place with 15.7% market share nevertheless it was additionally the largest mover within the top-three with a 15.5% adverse development.

IDC Quarterly Cellular Telephone Tracker. 2024Q1

Apple got here in fourth place with a 15.6% share as demand for iPhones plummeted regardless of providing the iPhone 15 at a reduction. Vivo rounded out the highest 5 with a 14.6% market share. The proximity of the highest 5 manufacturers reveals that Chinese language shoppers are brand-averse and are prone to change between manufacturers when searching for a brand new cellphone.

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