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The Chinese smartphone market declined by 11% in the last quarter of 2018, analysts at Strategy Analytics report. Device shipments to China have declined for the fifth time in a row. In the fourth quarter of 2018, about 108 million smartphones were sold to the PRC, while 121.3 million devices entered the market last year. A large market share belongs to Huawei, while Apple and Xiaomi have weakened their positions. At the end of 2018, China received 408.5 million smartphones, which is 11% less than in 2017. Huawei's market share in China rose to 28%, while brand shipments increased by 23% for the year. The reason for the company's success is the range of devices and strong sales channels. In 2018, Huawei put on the market 26% of the total volume of smartphones, or 105 million units. The second position went to Oppo, which reduced shipments by 2% to 22.4 million smartphones. In third place was Vivo, which increased shipments by 8% to 22 million units. Apple shipments fell 22% in the last quarter of the year. The company sold 10 million units in October-December. Apple's figures in the PRC have been declining over the past 12 quarters. The deterioration of results is influenced by the price of the device in China and the trade war between the PRC and the USA. Xiaomi took the fifth place in the ranking with a market share of 9.3% and a delivery indicator of 10 million devices.
Apple, Google, Amazon, and Facebook’s chief executive officers faced Republican and Democratic U.S. lawmakers on Wednesday for the much-anticipated congressional hearing. The CEOs were questioned for alleged abuse of their market power ...
The euro steadied at four-month highs on the dollar after investors pinned hopes on the EU economic rescue fund as European leaders are expected to break a deadlock and agree on a deal. EU leaders had differing stands on the proposed 750 billion ...
Asian markets are poised to start with a firmer tone on Friday, disregarding an overnight decline in U.S. stocks. The decline was mainly from the United States’ move of debating new economic stimulus in a bid to salvage the virus-beaten ...
The dollar firmed on Thursday as a decline in Chinese retail sales worried investors, while the rest of the market anticipates the EU summit this weekend. The euro was down 0.1% to $1.1401, while the dollar stood at 106.95 on the yen. The ...
Asian shares hit four-month highs on Monday as investors relied on liquidity and market stimulus to support global economic recovery despite the surge of new cases in the United States. MSCI’s broadest index of Asia-Pacific shares outside ...
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