According to the Counterpoint sales report, Huawei gained 46% of China’s market share with 14% YoY growth in Q2 2020. Also, Huawei achieved a 60% share of the total 5G smartphone market in China.
“Huawei continues to be the best performer in the China market, grabbing 46% market share in the quarter. Huawei achieved 14% YoY growth despite the overall market slowdown. China has become the most important market for Huawei as its overseas shipments saw a sharp decline after it lost the ability to use GMS in its latest smartphones.” said Flora Tang, the Research Analyst at Counterpoint.
“Huawei’s hefty investment in expanding distribution networks both online and offline has paid off. Also, Huawei’s 5G portfolio grew quickly with the help of the high-end Mate 30 and P40 series, as well as mid-tier Nova 7 series. Tang added.