Domestic smartphone sales grew 11% in October: Huawei leads by 83%

CTOnews.com November 14 news, according to the latest report released by market research firm Counterpoint Research, China's smartphone market is recovering, with average sales growth of 11% in the first four weeks of October this year, and Huawei's growth is most obvious.

Mengmeng Zhang, senior analyst at China, observed: "Whether it is year-on-year or short-term month-on-week, relevant data show that China's smartphone market is recovering and has formed a new growth momentum. We will report data during the Double 11 period later."

Analyst Archie Zhang said: "Huawei's growth trend in October this year is obvious, especially the Mate 60 series equipment has attracted a lot of consumer attention and purchases. Huawei's growth has been remarkable, thanks to new marketing and strong media coverage of 'Made in China'. Huawei equipment demand continues to grow at a double-digit rate, and the halo effect drives sales of related products."

October domestic sales data production issues have been a recurring theme this year, with both Huawei and Apple under pressure to deliver new equipment. The latter experienced some issues with specific color variants on Pro Max, resulting in longer wait times and higher prices on certain e-commerce platforms.

Huawei's inventory shortage is the result of much higher than expected demand and pressure on its parts supply chain and EMS suppliers.

Ivan Lam, senior manufacturing analyst, said: "Huawei's ability to adapt to this new normal is a major determinant not only of their own growth, but also of the broader market. "

CTOnews.com attaches a link to the original report, which interested users can read in depth.