Behind Huawei's mobile phone return to China's No. 1 position: Folding screen market share is leading, selling like crazy for more than 10,000 yuan

News on February 6, according to iResearch's "2024 China Folding Screen Mobile Phone Market Insight Report", Huawei will account for 50.3% of the domestic folding screen market in 2023, ranking first in the gap.

The report shows that in the ultra-high-end folding screen market worth more than 10,000 yuan, Huawei’s share is as high as 65.6%. Huawei Mate A product with over one million shipments.

In addition, in addition to ranking first in the market segment, Huawei mobile phones also won the first place in the Chinese market at the beginning of the year.

According to the latest data tracked by Counterpoint’s China smartphone weekly sales model, Huawei will return to the Chinese market as the number one smartphone sales leader in the first two weeks of 2024.

Huawei’s sales share has been declining since the imposition of U.S. sanctions in 2019, and this climb to the top marks the first time it has regained the top spot.

At the end of August last year, the strong return of Huawei’s Mate60 series posed a challenge to Apple’s share of the high-end market.

In the fourth quarter of 2023, China’s smartphone sales bottomed out and increased by 6.6% year-on-year. Among them, Apple mobile phone sales fell by 9% year-on-year, and Huawei’s sales increased by 71.1% year-on-year.

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