After a challenging two-year period, Huawei has finally experienced some positive growth in its smartphone sales. The Q2 2023 smartphone market results indicate that Huawei’s device sales have shown an increase. On the other hand, other competitors’ sales have declined during the same period.
Counterpoint Research data reveals that Huawei emerged as the leading contributor to quarterly growth in Q2 2023. The company achieved an impressive 58% quarter-over-quarter growth compared to the previous year. Huawei’s impressive growth rate signifies a notable rebound from previous challenges in the smartphone market.
In Q2 2023, Huawei, Apple, and Realme were the only smartphone companies that achieved year-over-year (YoY) sales growth among all the competitors. On the other hand, Xiaomi, Honor, Oppo, and Vivo faced a significant decline in their sales during the same period. This indicates a mixed performance in the smartphone market, with some companies experiencing growth while others encountered challenges and a decline in sales.
In Q2 2023, Vivo secured the top position in the smartphone market with a 17.7% market share. This achievement was driven by the successful sales of their Y35 series, Y8 series, and S17 series smartphones.
OPPO (including OnePlus) and Apple were tied in the second position, with each company capturing a 17.2% market share during the same quarter. This shows a highly competitive market with these two companies holding a similar share of the smartphone market.
Huawei’s Brand Image Plays a Role in its Recent Growth
The recent positive growth numbers for Huawei in the smartphone market are attributed to the company’s regular launch events and adherence to a normal schedule. Huawei is leveraging its well-established brand image and extensive offline sales channels throughout the country to increase product sales to consumers. By capitalizing on these strategies, Huawei has been able to regain momentum and achieved significant growth in the market.
Despite facing numerous challenges, Huawei managed to achieve substantial growth in smartphone sales. However, there is still anticipation for further improvements in the market statistics of the Chinese tech giant by the end of this year. As the company continues to navigate the competitive landscape and adapt to changing market conditions. Its performance in the coming months will be under close watch to gauge its overall progress and success.
Despite Huawei’s Growth, Overall Smartphone Sales in China Declined
On the contrary, the overall smartphone sales in China experienced a 4% year-over-year (YoY) decline in Q2 2023. The sales showed a continuous decline in April and May.However, the 618-e-commerce festival in June provided a boost. This helped to mitigate the overall decline in smartphone sales for the quarter. Despite the challenges faced by the Chinese smartphone market, the festival’s impact offered a positive outcome for the industry during that particular month.