business / news / / South China Morning Post
Huawei Technologies claimed the top spot in China’s smartphone market in the first quarter with its highest share in five years.
Huawei achieved a 20% market share in China, its highest since late 2020.
KEY POINTS
- Chinese government subsidies provided a 15% discount for devices under 6,000 yuan, boosting sales.
- Huawei's reliance on domestic suppliers insulated it from the global memory chip price surge.
- Apple saw a 20% surge in China shipments, the largest growth among the top six brands.
- Counterpoint Research suggests Apple can absorb rising memory costs better than competitors.
COMPANIES
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