logo
Huawei returns to the top of China's mobile phone charts for first time in 4 years: IDC

Huawei returns to the top of China's mobile phone charts for first time in 4 years: IDC

Huawei Technologies topped mainland China's smartphone market in the second quarter – the first time in four years – 'underscoring its strong brand appeal and effective shipment management', according to International Data Corporation (IDC).
However, China's smartphone sales shrank 4 per cent to 69 million units in the April to June quarter due to weak consumption and reduced government subsidies for electronic devices, data from the consultancy released on Tuesday showed. It was the first quarterly contraction after six consecutive periods of growth, according to IDC.
Shenzhen-based Huawei, which divested the Honor smartphone brand in 2020, accounted for 18.1 per cent of the mainland's market, although its shipments dropped 3.4 per cent from a year ago to 12.5 million units.
Vivo and Oppo came in second and third, respectively, while fourth-ranked Xiaomi was the only one in the top five to record a growth in shipments. Xiaomi, with a focus on the 'value-conscious customer base', posted a 3.4 per cent increase in shipments to 10.4 million units, IDC said.
Huawei was the top smartphone seller in China in the second quarter. Photo: EPA-EFE
Fifth-placed Apple saw a quarterly shipment decline of 1.3 per cent – the least among the top five, as it 'leveraged strategic price adjustments that made specific iPhone 16 and 16 Pro variants eligible for government subsidies', said Will Wong, senior research manager for client devices at IDC in Asia-Pacific.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

China unveils new drone that takes off and lands on its tail like a rocket
China unveils new drone that takes off and lands on its tail like a rocket

South China Morning Post

time14 minutes ago

  • South China Morning Post

China unveils new drone that takes off and lands on its tail like a rocket

China has unveiled a tail-sitter drone – which takes off and lands on its tail like a rocket – during a disaster rescue drill, according to state media. Advertisement In its debut, the new unmanned aerial vehicle's sensors and cameras were put to the test for reconnaissance and real-time situational awareness operations in a mountainous region of Sichuan province, the official Science and Technology Daily reported on Tuesday. The drone's Wenyao intelligent control system was also on show, with the drill demonstrating capabilities such as autonomous target allocation, automatic route planning, and automated threat avoidance – all of which could be vital when controlling a drone swarm. The drone launches vertically, transitions to a horizontal flight position, then switches back to vertical to land. Photo: Handout The drone – whose name was not disclosed – is what is known as a vertical take-off and landing aircraft. It launches vertically with its nose pointing up, transitions to a horizontal flight position, then switches back to vertical to land on its tail. With a wingspan of 2.6 metres (8.5 feet) and a length of 1.8 metres (5.9 feet), the UAV looks similar to the United States military's MQ-35 V-BAT drone, which has a single-engine ducted fan design. The design enables it to fly much faster than a quadcopter – a drone with four rotors – and nearly as fast as a fixed-wing drone. Its ability to take off and land vertically gives it flexibility in deployment and makes it easier to retrieve from remote or rugged areas since it does not need a runway, launcher or an arresting system for take-off and landing. Advertisement Its developer, state-owned Chengdu Aircraft Industry Group (CAIG), a subsidiary of the Aviation Industry Corporation of China (AVIC), also makes stealth fighters and military drones such as the Wing Loong II.

Hong Kong stocks hit 3-year high after US indexes refresh record highs
Hong Kong stocks hit 3-year high after US indexes refresh record highs

South China Morning Post

time14 minutes ago

  • South China Morning Post

Hong Kong stocks hit 3-year high after US indexes refresh record highs

Hong Kong stocks rose to a three-year high on Friday, mirroring Wall Street's rally that was fuelled by strong US consumer data and earnings optimism. The Hang Seng Index advanced 1.3 per cent to 24,806.48 at 9.50am local time, the highest level since February 2022. The Hang Seng Tech Index added 1.8 per cent. On the mainland, the CSI 300 Index rose 0.6 per cent, while the Shanghai Composite Index gained 0.3 per cent. E-commerce leader Alibaba Group Holding rose 2.8 per cent to HK$115.70 and peer gained 3.3 per cent to HK$128.60. Online game operator NetEase added 1.6 per cent to HK$211.40, while food delivery platform Meituan increased 1.8 per cent to HK$127.70. Electric-vehicle maker Li Auto fell 0.5 per cent to HK$123.50, while peer Geely Automobile Holdings dropped 0.2 per cent to HK$18.98. Smartphone and electric-vehicle maker Xiaomi slid 0.2 per cent to HK$56. Overnight in the US, the S&P 500 added 0.5 per cent and the Nasdaq Composite advanced 0.8 per cent to close at fresh record highs, lifted by robust economic data and upbeat corporate earnings that underscored resilient consumer spending. Retail sales rose in June, while unemployment fell for a fifth consecutive week to the lowest level since mid-April. Other major markets in the Asia-Pacific region were mixed. Australia's S&P/ASX 200 added 0.8 per cent, South Korea's Kospi eased 0.4 per cent, while Japan's Nikkei 225 was little changed.

Hong Kong virtual insurer Bowtie Life raises US$70 million in third funding round
Hong Kong virtual insurer Bowtie Life raises US$70 million in third funding round

South China Morning Post

time14 minutes ago

  • South China Morning Post

Hong Kong virtual insurer Bowtie Life raises US$70 million in third funding round

Bowtie Life Insurance, the city's first virtual insurer , on Friday said it raised US$70 million in its third funding round from existing shareholder Sun Life , its largest such effort since its establishment in 2018. 'The stock market rally in Hong Kong this year has improved market sentiment, paving the way for many start-ups and companies to raise funds in both private and public markets,' said Fred Ngan, Bowtie's co-founder, in an interview on Friday. The city's Hang Seng Index benchmark is up 22.1 per cent so far this year, ranking it among the world's best-performing major stock gauges. A stock market re-rating , aided by enthusiasm for Chinese technology stocks and a trend away from US dollar-denominated assets, has fuelled risk appetite and improved demand for initial public offerings (IPOs), helping the city rise to the top of the global league table, according to data from the London Stock Exchange Group. Bowtie was established in December 2018, and the city's former financial secretary John Tsang Chun-wah serves as an adviser. Former financial secretary John Tsang Chun-wah, pictured in June 2018, serves as an adviser to Bowtie Life Insurance. Photo: David Wong. Since 2019, Hong Kong regulators have allowed eight digital banks and five virtual insurance companies to provide financial services in the city. Bowtie can only sell policies online, but it has opened a cafe in Wan Chai to act as its customer service centre, and it also has some physical health clinics.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store