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Huawei snatched market share from Apple, local rivals in China in 2019 – Source Reuters Tech News

SHANGHAI (Reuters) – Top Chinese smartphone maker Huawei Technologies Co Ltd thrived in 2019 at the expense of smaller Chinese rivals and Apple (AAPL.O) even as the smartphone market shrank further and consumers favored phones with 5G technology, data shows.

FILE PHOTO: A Huawei company logo at Shenzhen International Airport in Shenzhen, Guangdong province, China, July 22, 2019. REUTERS/Aly Song/File Photo

Handset shipments for Shenzhen-based Huawei jumped 35.5% to 142 million in 2019, from 104.8 million a year earlier, according to estimates from market research firm Canalys.

Shipments for Apple’s iPhones decreased about 21% year-on-year to 27.5 million. This comes as the domestic market for smartphones shrank 15% annually, according to the report released on Tuesday.

Growth in smartphone sales stagnated in 2018 and 2019 as consumers postponed purchases, opting to wait for companies to release more 5G-enabled models. Huawei has already released four of these in…

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Source Reuters Tech News

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