Huawei is apparently enjoying great popularity and brand loyalty, particularly in the sales of two of its latest flagship devices. Huawei CBG CTO Bruce Lee announced during the recent Huawei Mobile Innovation Technology Media Communication Conference that the Mate X3 foldable is the best-selling in China, while the P60 series is the best-selling in the country in the 4000 to 6000 yuan price segment. .
There may be an additional asterisk somewhere in these essentially internal, self-reported statistics, but regardless, we can’t deny that there is obviously some truth to the claims. According to research by Counterpoint and a few other market researchers, Huawei is a tremendous success story in a generally declining domestic market.
Huawei achieved a 41% shipment increase and increased its market share to 9.2% YoY in Q1 2023 compared to Q1 2022. It really seems like Huawei is managing to stay really competitive on its territory. According to industry analysts, Huawei has great long-term trust and brand loyalty within the country, with users appreciating the company’s continuous innovation. Apparently, the lack of 5G isn’t a huge factor in the equation.
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