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In 2024, vivo led the Chinese smartphone market with a 17.8% share, followed closely by Huawei at 16.3% and Xiaomi at 15.7%. In Q4, Huawei topped the rankings with 18.1%, while Apple experienced the largest decline in shipments, dropping 18.2% year-over-year.
Huawei emerged as the leading smartphone brand in China during Q4 2024, capturing an 18.1% market share with a 15.5% increase in sales. Apple, previously the leader, fell to third place with a 20.2% to 15.7% drop in sales, while Xiaomi secured second place with a 17.2% share. Overall, the Chinese smartphone market experienced a 3.2% decline in sales year-over-year in Q4 2024, despite a 1.5% increase for the entire year.
Huawei is aiming to capture a larger share of China's AI chip market by focusing on "inference" tasks, positioning its Ascend processors as alternatives to Nvidia's GPUs, which dominate model training. The Chinese government is supporting this shift amid U.S. technology embargoes, although analysts note challenges in transitioning developers to Huawei's software. Meanwhile, domestic brands like Huawei and Xiaomi are gaining market share as competition with Nvidia intensifies.
Apple's iPhone sales in China plummeted 18.2% in Q4 2024, reducing its market share to 17.1%, while Huawei reclaimed the top position with an 18.1% share, driven by its Mate 70 and Nova 13 series. Xiaomi, Vivo, Honor, and Oppo follow closely, as the overall smartphone market shrank by 3.2% in the quarter. Despite a slight annual growth of 1.5%, Apple faces challenges ahead due to economic uncertainty and fierce competition, although a government-backed subsidy program may offer some support.
Huawei has reclaimed the top position in China's smartphone market with an 18.1% share in Q4 2024, driven by the success of its Nova 13 and Mate 70 series. In contrast, Apple faced an 18.2% drop in iPhone sales, securing only 17.1% of the market. Xiaomi, Vivo, Honor, and OPPO followed in the rankings, with the overall market declining by 3.2% year-on-year.
Huawei regained its position as the top smartphone brand in China with an 18.1% market share in Q4 2024, following an 18.2% decline in Apple’s sales. Xiaomi followed closely with 17.2%, benefiting from the success of its Mi 15 series. Overall, China's smartphone sales saw a slight decline of 3.2% YoY in Q4, contrasting with a 1.5% increase for the year.
The HSI closed at 20,106, up 180 points, while the HSTI rose 98 points to 4,693. Notable gainers included SUNNY OPTICAL, which surged over 7%, and several companies like SMIC and HSBC HOLDINGS reached new highs. Overall consumer prices in Hong Kong increased by 1.4% year-on-year last month, with an underlying inflation rate of 1.3%.
Huawei has reclaimed the top position in China's smartphone market with an 18.1% share in Q4 2024, marking a 15.5% growth, while Apple faced an 18.2% sales decline, holding 17.1%. The success of Huawei's Nova 13 and Mate 70 series, along with its self-reliance in chip production, contributed to this turnaround. Despite a slight year-on-year decline of 3.2% in the market for Q4, the overall annual growth for 2024 was 1.5%, with Vivo leading for the year at 17.8%.
Huawei, Qualcomm, MediaTek, and LG are vying for leadership in the WiFi 7 patent landscape, with significant advancements in technologies like Multi-Link Operation and 4K QAM Modulation. Patent activity has surged, particularly in the U.S., while the absence of a WiFi 7 patent pool raises concerns over potential licensing disputes. Key players are adapting their strategies, revealing opportunities for high-value patent acquisitions and partnerships.
Huawei leads China's foldable phone market with nearly 50% market share, followed by Honor and Vivo. Despite a 30.8% increase in shipments to 9.17 million units in 2024, the fourth quarter saw a decline, marking the first drop after nine quarters of growth. Meanwhile, China's overall smartphone market rebounded, reaching approximately 286 million units, driven by demand for AI features and improved battery life.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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