Huawei Bucks Trend of Plunging China Smartphone Sales

What’s new: In the second quarter of 2023, Huawei Technologies Co. Ltd. was the only company among the top smartphone vendors in China to record double-digit shipment growth in the domestic market, where consumer demand for handsets remained weak following the pandemic.

In the three months through June, Huawei saw a year-on-year increase of 76.1% in shipments in China, giving it the title of the country’s No. 6 smartphone brand with a market share of 13%, according to a recent report by market researcher IDC.