No Result
View All Result
Monday, June 27, 2022
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    Inflation in Africa: Some subsidy programs prolonging situation – Jeff Gable

    Cedi Summit comes off today at Alisa Hotel

    BoG’s supply of dollars to BDCs drops from 85% to 21% within 3 months – CBOD

    BoG, CSA deepen collaboration to fight cyber threats

    Societe Generale Ghana launches new ‘boafo loan product’ assist MSMEs

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    Intravenous Infusions PLC records 10% growth in profit in 2021

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    CBOD calls for a more structured supply of Forex for petroleum products

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    Cedi Summit comes off today at Alisa Hotel

    BoG’s supply of dollars to BDCs drops from 85% to 21% within 3 months – CBOD

    Societe Generale Ghana launches new ‘boafo loan product’ assist MSMEs

    CBOD calls for a more structured supply of Forex for petroleum products

    Bank of Namibia Governor pays courtesy call on BoG Governor

    DBG funds will not be used to buy gov’t securities – Deputy CEO assures

    Producer Price Inflation rises again to hit 33.5% in May 2022

    #CitiBusinessFestival: Garment industry needs financial support to thrive – Cyndex CEO

    Ghana tops list of countries with cheapest cost of electricity in West Africa

  • TECHNOLOGY

    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    ADB pioneers in global remittance services in Ghana [ARTICLE]

    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

    Citi Business Festival: Address lack of financial data challenges using MoMo – Rufai Abdul Majeed

    Citi Business Festival: Acquiring digital skills key to securing employment – Maximus Ametorgoh

    Bank of Ghana commences piloting of digital currency in Sefwi Asafo

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

    Bawumia calls for more AfDB support as African economies battle global challenges

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Take control of financing on the continent – Ofori-Atta to AfDB

  • FEATURES
  • Videos
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    Inflation in Africa: Some subsidy programs prolonging situation – Jeff Gable

    Cedi Summit comes off today at Alisa Hotel

    BoG’s supply of dollars to BDCs drops from 85% to 21% within 3 months – CBOD

    BoG, CSA deepen collaboration to fight cyber threats

    Societe Generale Ghana launches new ‘boafo loan product’ assist MSMEs

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    Intravenous Infusions PLC records 10% growth in profit in 2021

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    CBOD calls for a more structured supply of Forex for petroleum products

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    Cedi Summit comes off today at Alisa Hotel

    BoG’s supply of dollars to BDCs drops from 85% to 21% within 3 months – CBOD

    Societe Generale Ghana launches new ‘boafo loan product’ assist MSMEs

    CBOD calls for a more structured supply of Forex for petroleum products

    Bank of Namibia Governor pays courtesy call on BoG Governor

    DBG funds will not be used to buy gov’t securities – Deputy CEO assures

    Producer Price Inflation rises again to hit 33.5% in May 2022

    #CitiBusinessFestival: Garment industry needs financial support to thrive – Cyndex CEO

    Ghana tops list of countries with cheapest cost of electricity in West Africa

  • TECHNOLOGY

    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    ADB pioneers in global remittance services in Ghana [ARTICLE]

    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

    Citi Business Festival: Address lack of financial data challenges using MoMo – Rufai Abdul Majeed

    Citi Business Festival: Acquiring digital skills key to securing employment – Maximus Ametorgoh

    Bank of Ghana commences piloting of digital currency in Sefwi Asafo

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

    Bawumia calls for more AfDB support as African economies battle global challenges

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Take control of financing on the continent – Ofori-Atta to AfDB

  • FEATURES
  • Videos
No Result
View All Result
Citi Business News
No Result
View All Result

Huawei ranks No. 2 globally and No. 1 in China amid COVID-19 in 1st quarter

May 11, 2020
in TECHNOLOGY
Share on FacebookShare on TwitterShare on Whatsapp

Global smartphone shipments fell by 11.7% in the first quarter, according to IDC, a market intelligence firm.

As the coronavirus epidemic spreads around the world, the shipments of the top 3 phone brands have been hit to varying degrees.

The mobile phone market, which was expected to warm up, was in a downtrend in Q1.

ADVERTISEMENT

All major manufacturers are facing unprecedented severe tests.

The competitive balance remains solid in the mobile phone market.

Samsung, Huawei, and Apple are still the top three players in the global mobile phone market.

According to IDC, in the first quarter, handset shipments of Samsung, Huawei (including Honor) and Apple were 58.3 million, 49 million, and 36.7 million units respectively, which means Huawei held onto its No.2 position.

(Figure: IDC data)

Although the mobile phone market as a whole declined, some niche offered comforting news.

According to the latest research of Strategy Analytics, the global shipment of 5G smartphones surged to more than 24 million in the first quarter of 2020, greatly exceeding the shipment of 5G smartphones in 2019, which was 18.7 million.

Samsung and Huawei continue to maintain their leading position in the 5G smartphone field.  In Q1, Huawei’s shipment of 5G smartphones reached 8 million units, ranking No. 2 in the world.

Huawei and Samsung (8.3 million units) captured 68% of the global market share of 5G smartphones. 5G models such as Mate 30 and Mate 30 Pro are popular among users.

New devices released in the first quarter, such as Huawei P40 series and Samsung S20 series, will contribute to the shipments in the second quarter. However, unless they can generate over 10 million shipments, otherwise the fundamentals will remain the same.

Huawei takes advantage of the “safe haven” of the Chinese market and attains growth against the trend.

China’s mobile phone market was hit the earliest by the coronavirus Pandemic, and has shown ups and downs in Q1 throughout the outbreak, control and gradually ease of the epidemic.

The smartphone sales in China plunged by an unprecedented 22% in the first quarter, according to Counterpoint. The impact of COVID-19 on both demand and supply sides were felt firstly in China. For example, Vivo and Oppo which heavily relied on offline market dropped by nearly 30%, with each down by 27% and 30% respectively. Xiaomi fell by a stunning 35% year-on-year.


Huawei was the only brand to see sales growth in China market in the first quarter, with total sales being 28.7 million units, up by 6% from the previous quarter, outstripping the sum of Oppo and Vivo. Huawei managed to attain the growth against the market trend.

In March, as the epidemic eased in China, and mobile phone production gradually restored, Chinese vendors were the first to recover, and the Chinese mobile phone market is serving as a “safe haven”.

Huawei climbs up by leveraging such a “safe haven”. Its Mate 30 series and Nova 6 series feature industry-leading image experience, optimal 5G solutions, and the distributed operating system that offers seamlessly connectivity in all scenarios. These solid product advantages make Huawei mobile phones the first choice for many users when it comes to replacing their phones. In March, Huawei took 43% handset market shares in China, ranking No. 1.

Source: citibusinessnews.com
Tags: AppleChinaHuaweiSamsung
Previous Post

Huawei’s wearables, PC and headsets contribute to steady growth despite the global pandemic

Next Post

Republic Bank supports construction of Infectious Disease Isolation & Treatment Centre with GHS200,000

Next Post

Republic Bank supports construction of Infectious Disease Isolation & Treatment Centre with GHS200,000

Accra Kotoka International Airport Arrivals
ADVERTISEMENT
Citi Business News

© 2019 Citi Business News - CitiBusinessNews.com by CNR Digital.

Navigate Site

  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

Follow Us

No Result
View All Result
  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

© 2019 Citi Business News - CitiBusinessNews.com by CNR Digital.