China launches two-month nationwide campaign from July 24 to crack down on misinformation by self-media

China launches two-month nationwide campaign from July 24 to crack down on misinformation by self-media

Huawei has taken the top spot in China’s smartphone market, according to a new report by Canalys. The company shipped 12.2 million units in the three months ending June, marking a 15% increase in annual revenue. This surge has propelled Huawei to an 18% market share, the first time a tech firm has achieved dominance in the country since 2024 [1].

Apple, on the other hand, showed signs of recovery, ranking fifth with 10.1 million units shipped and a 4% revenue increase. The company has been facing stiff competition from local brands like Huawei and Xiaomi, which have been growing stronger. Despite these challenges, Apple's strategic changes, such as lowering the price of the iPhone 16 series and increasing resale prices for other models, have boosted investor confidence [1].

The competition in China’s smartphone market is intensifying, with Huawei launching several new models and planning to release HarmonyOS 5 this year. This new model, equipped with a self-reliant operating system, aims to compete with Apple’s iOS and Google’s Android. Analysts at Canalys predict that this stiff competition will drive smartphone adoption and growth in the sector, but it may also increase pressure on tech companies to meet growing demand for improved system compatibility and user experience [1].

The recent market results do not include Apple’s earnings analysis, which is scheduled to be announced this week. Investors are closely monitoring Apple’s progress in China, where the company has faced challenges due to US security concerns and political tensions. Despite these obstacles, Apple continues to strive for market leadership in the competitive Chinese market [1].

References:
[1] https://www.cryptopolitan.com/huawei-tops-the-chinese-smartphone-market/