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Home >Companies >Company Results >Xiaomi bucks trend of contracting China smartphone market in Q3: Counterpoint
Company's overall market share rose to 11% from 9% in the same period last year

Xiaomi bucks trend of contracting China smartphone market in Q3: Counterpoint

  • Xiaomi Corp was the only brand to see growth in the quarter, with sales in China up 8% year-on-year
  • Apple Inc and Huawei Technologies Co Ltd both saw sales decline

China's smartphone market continued its steady contraction in the third quarter, with shipments declining 14% year-on-year, research firm Counterpoint reported on Friday.

China's smartphone market continued its steady contraction in the third quarter, with shipments declining 14% year-on-year, research firm Counterpoint reported on Friday.

Xiaomi Corp was the only brand to see growth in the quarter, with sales in China up 8% year-on-year. Its overall market share rose to 11% from 9% in the same period last year. Counterpoint attributed the performance to aggressive promotions as the company celebrated its 10th anniversary in August.

Xiaomi Corp was the only brand to see growth in the quarter, with sales in China up 8% year-on-year. Its overall market share rose to 11% from 9% in the same period last year. Counterpoint attributed the performance to aggressive promotions as the company celebrated its 10th anniversary in August.

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Apple Inc and Huawei Technologies Co Ltd both saw sales decline, breaking a growth streak that lasted several quarters.

Apple's sales in China fell 7%, while Huawei's dropped 3%. Their overall shares of the market, however, remained relatively stable, with Apple at 8% and Huawei at 45%.

Both companies launched new flagship devices in October with analysts expecting strong demand. The iPhone 11 was the quarter's best-selling phone, according to Counterpoint, despite not having 5G.

Uncertainty remains about Huawei's ability to capture that demand, as restrictions imposed on the company by the US crimp its supply of chips and other components.

Richard Yu, CEO of Huawei's consumer business unit, said over the summer that the firm would no longer be able to produce its high-end line of Kirin chipsets starting this September.

This story has been published from a wire agency feed without modifications to the text.

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