Posted 1/23/2024, 12:00:18 PM
China Smartphone Market Rebounds in 2023; Huawei Makes Comeback Despite US Sanctions
- China's smartphone market recovers in 2023 after a 22.6% decline in 2022, with shipments reaching 289 million units
- Domestic brands accounted for 80% of shipments; 5G smartphone shipments grew nearly 12% year-over-year
- Huawei made a strong comeback with its 5G smartphones, using mystery chips to bypass US sanctions
- China's smartphone growth contrasts with a 3.2% global shipment decline amid economic headwinds
- Intensifying competition as Apple offers iPhone discounts in China to counter Huawei and other Android brands