HONG KONG, May 15 (Reuters) – Huawei is revamping its retail strategy and aggressively opening flagship stores in China, with some just a stone’s throw away from Apple (AAPL.O), opens new tab shops, as it seeks to retake the premium electronics throne in the world’s biggest smartphone market.
Huawei opened four such stores in major Chinese cities between December and February, an aggressive marketing blitz by a company that had largely relied on licensed distributors and is rebounding from U.S. sanctions imposed in 2019 that had crippled its smartphone business for four years until it could source domestic replacement parts.
Apple has 47 stores in mainland China. Huawei, which did not open a flagship store until 2019, now has 11 of them.
“I think they will open more than 20 of them. Then it will eventually catch up to Apple,” said Ethan Qi, associate director at research firm Counterpoint…Read More
The Pura 70 series Huawei unveiled in April sports a 7-nanometer processor made by SMIC. It is a slightly upgraded version of the 7nm chip SMIC made for the Mate 60 Pro model introduced in 2023.
Huawei’s smartphone shipments surged 70% in the first quarter, research firm Counterpoint estimated. The Pura 70 series sold out within two days of their launch, according to Jefferies analysts led by Edison Lee…Read More
A growing number of smartphones and personal computers with AI processors and capabilities embedded in the hardware are making their way to the market this year. Such on-device AI offers benefits such as faster speed in processing AI tasks as well as greater privacy—as less data has to go back and forth between the cloud for such tasks. Samsung’s Galaxy S24 phones offer functions such as real-time translating and image-based web search. The market has been receptive; unit sales of the S24 phones during their first three weeks after launch were up 8% from the previous Galaxy family’s sales last year during the same window, according to Counterpoint Research…Read More
Apple earnings results turn into AI lovefest. First the numbers: Apple’s earnings report went about as smoothly as possible for a company that saw its revenue decline by more than $4 billion. Chief Executive Officer Tim Cook and Chief Financial Officer Luca Maestri seem to have sold Wall Street on the idea that iPhone sales in the period would have grown if not for a $5 billion headwind stemming from pent-up demand for the iPhone 14 Pro in the same quarter of last year (in other words, a tough year-over-year comparison).
Sales of the iPad declined, but that wasn’t a shock given the lack of recent updates. It’s perhaps more troubling that revenue from the Wearables, Home and Accessories business was worse than anticipated, considering the Vision Pro launched during the quarter. Services and the Mac division, meanwhile, both grew more than expected. In China, the situation is a little more puzzling. Apple says that iPhone revenue was up in mainland China, but research firms like Counterpoint have been saying for weeks that demand for the device is cratering there…Read More
Apple’s struggles were most worrisome in China, the world’s second-largest smartphone market, where sales fell 8 percent. The iPhone’s popularity there has waned since Huawei, which the Trump administration restricted from working with U.S. technology firms, introduced a new smartphone with 5G abilities last year. Last quarter, Apple’s share of smartphones sold in China fell 4 percent, according to Counterpoint, a technology research firm…Read More.
Apple doesn’t dive deep into geographical data nor reveal iPhone shipments in general, leaving third-party analysts to parse available information. This year’s iPhone sales in China were more heavily skewed toward newer models, Counterpoint analyst Charles Moon said, nudging up the average selling price per unit. That may help explain how the company’s unit sales could be down while revenue was up.
“Mostly it’s the shift in product mix that’s supporting the revenue number,” Moon said. Counterpoint estimates Apple’s global ASP for the March quarter was $900, a new high for the period. “New models accounted for around 80% share in Q1 2024 versus only two-thirds in Q1 2023, pushing ASPs higher…Read More
The Shenzhen-based company reported net profit of 19.6 billion yuan ($2.7 billion) in the March quarter, up 564%, according to a filing from Huawei’s holding company posted to the website of the National Interbank Funding Center in China.
Sales in the first quarter rose 37% to 178.5 billion yuan. The company did not provide a sales breakdown for various business segments in its filing.
The phenomenal growth in earnings underscored Huawei’s resurgence in spite of US sanctions. The company’s smartphone shipments surged 70% in the first quarter, according to research firm Counterpoint, after the company made an unexpected comeback last year with a new 5G phone powered by an advanced made-in-China 7-nanometer chip despite US sanctions.
As a stark contrast, Apple’s iPhone sales in China fell 19% during the March quarter, Counterpoint estimated…Read More
According to forecasts from Counterpoint Research, China will have 1mn cars with so-called Level 3 technology — which means drivers can remove their hands from the steering wheel — by 2026, and these vehicles will account for about 10 per cent of new cars by 2028.
China produced 6.7mn vehicles in the first three months of the year, 11 per cent higher than the first quarter of 2023, with sales of EVs up 32 per cent and those of cars with internal combustion engines (ICE) up 3 per cent, according to Automobility…Read More
Apple’s iPhone sales fell 19% on year in the world’s largest smartphone market, placing the company third overall behind Vivo and Honor, Counterpoint Research said Tuesday.
Sales by No. 4 seller Huawei, which had suffered from limited access to advanced chips a year ago, rose 70% on year, helped by the successful launch of its 5G-capable Mate 60 series, Counterpoint said.
Oppo and Xiaomi rounded out the top six places for the quarter.
Counterpoint described the period as “the most competitive quarter ever,” with market shares of the top seller and the sixth-best seller differing by less than 3.0 percentage points…Read More
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