According to IDC, Honor and Huawei are the leading smartphone vendors in China in the first quarter of 2023. Honor has a 19.2% market share, while Huawei has a 17.9% market share.
Honor
Honor is a sub-brand of Huawei that was spun off in 2020. Since then, Honor has become an independent company and has been growing rapidly. In Q1 2023, Honor’s market share in China increased by 5.2% year-over-year.
Huawei
Huawei is a Chinese tech giant that is known for its smartphones, 5G equipment, and other telecommunications products. Huawei’s market share in China decreased by 4.6% year-over-year in Q1 2023, but it remains the second-largest smartphone vendor in the country.
Other Vendors
Other major smartphone vendors in China include Xiaomi, Apple, and Vivo. Xiaomi has a 15.3% market share, Apple has a 12.4% market share, and Vivo has a 11.2% market share.
Factors Driving Growth
Outlook
IDC expects the Chinese smartphone market to continue to grow in 2023. Honor and Huawei are expected to remain the leading vendors, but other vendors are also expected to gain market share.
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