KONTAN.CO.ID - SHENZHEN. 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. Huawei strengthened its dominance of the world's biggest smartphone market even as the Chinese company was all but banned by the United States in May from doing business with American companies, significantly disrupting its ability to source key parts. 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 tightens grip on China smartphones with record 42% share in Q3
KONTAN.CO.ID - SHENZHEN. 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. Huawei strengthened its dominance of the world's biggest smartphone market even as the Chinese company was all but banned by the United States in May from doing business with American companies, significantly disrupting its ability to source key parts. 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.