Huawei loses top spot in China’s smartphone market owing to US sanctions

NEW DELHI: Having put a dent in the company’s business globally, US suctions on Huawei are starting to have an affect in its home turf, also its biggest market. According to Counterpoint Research, Huawei lost the top spot in China’s smartphone market in January 2021. Rival Oppo took the first spot for the first time, followed by Vivo, Huawei, Apple, and Xiaomi.

The report says Oppo cornered 21% market share in China in January, while Vivo and Huawei had 20% each. Oppo and Vivo are both owned by BBK Electronics, which also owns brands Realme and OnePlus. Apple and Xiaomi were in the fourth and fifth spots with 16% market share each.

“Huawei along with HONOR has been constantly losing its share in the Chinese market due to component shortages following US sanctions, and fewer new launches. Its inventory for key components has been depleting and it will not be able to source 5G smartphone components,” the company said in a blog post.