Huawei Takes Major Hit as Global Smartphone Sales Tumble
What’s new: Global smartphone shipments tumbled 11.7% in the first quarter, according to industry data tracking firm IDC.
Among the world’s five leading brands, the top three of Samsung, Huawei and Apple saw sales drop 18.9%, 17.1% and 0.4%, respectively.
No. 4 player Xiaomi and No. 5 Vivo managed to post gains of 6.1% and 7%, respectively
What’s the background:
The global smartphone market took a drubbing in the first quarter as the Covid-19 pandemic disrupted supply chains and led many consumers to stay home and out of stores to avoid infection.
The hit has been particularly painful for China, since three of top five brands are Chinese, collectively accounting for 37.5% of global shipments.
Among the Chinese brands, Huawei’s global share shrank by more than a percentage point to 17.8% as it faced the extra challenge of being cut off from many of its U.S. suppliers under national security-related sanctions by Washington
Quick Takes are condensed versions of China-related stories for fast news you can use. To read a related story on Apple's China iPhone sales in the first quarter, click here.
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