Huawei's share in the Hong Kong smartphone market 2018-2024
As of July 2024, Huawei accounted for around five percent of the smartphone market in Hong Kong.
Smartphone market in Hong Kong
Since the end of 2017, Apple has always kept its position as the leading smartphone market player in Hong Kong with a market share of over 50 percent. However, despite Apple’s steady domination in the smartphone market in Hong Kong, Huawei has almost doubled its market share from 4.57 percent to around eleven percent from 2018 to 2019. This growing popularity of Huawei globally can be traced back to the second quarter of 2018, when the global shipment volume of Huawei smartphones surpassed Apple for the first time. However, Huawei was unable to defend its global market position.
Huawei
Huawei, the leading Chinese smartphone manufacturer, generated a revenue of around 704 billion yuan in 2023, mainly from telecommunication services and equipment. In the beginning of 2012, Huawei’s market share was merely 3.3 percent, however this then surged to over 18 percent in the third quarter of 2019, translating to over 66 million units of smartphone shipments worldwide. However, the U.S. sanctions cut off the companies access to cutting-edge chip sets. Since then, Huawei has diverted its focus from smartphones to other business segments.
