"Honor managed to take share from all the leading Chinese brands, including Huawei, during the quarter. Honor continues its great comeback by expanding its offline presence. Sub-brand iQOO also received positive market feedback, especially from younger customers," said research analyst Mengmeng Zhang. "The mid-to-high-end S12 series helped vivo grab a good share in the $250-$399 segment. READ HERE | 'Buy from trusted sources only': Ahead of 5G rollout, Centre bars Chinese telecom equipment "Weak consumer sentiment combined with the high smartphone penetration rate in China resulted in poor Q2 performance of smartphone sales," Lam added.ĭuring the quarter, Vivo maintained its leadership. The hardest hit was the services sector, which fell into contraction territory, from 4 per cent YoY growth in the first quarter to 0.4 per cent in the second quarter," said senior analyst Ivan Lam. "During this period, major cities across China, including financial and manufacturing hub Pan-Shanghai, went through full or partial lockdowns. The quarter's volumes were 12.6 per cent lower than the level seen during the severe pandemic-hit Q1 2020. With a 19.8 per cent share, Vivo retained its first place in Q2, followed by Honor (18.3 per cent) and OPPO (17.9 per cent), according to Counterpoint Research. The last time the sales were lower than this point was nearly a decade ago in Q4 2012 when the iPhone 5 was introduced.
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