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The Chinese high-end smartphone market is experiencing significant shifts, with Huawei's resurgence challenging Apple's dominance. In 2024, Huawei captured 30.7% of the high-end market, while Apple's share fell to 51.1%. As domestic brands like Honor and Xiaomi strive for growth, the competition intensifies, particularly with the anticipated rise of AI smartphones and national subsidies in 2025.
Honor is undergoing significant management changes following the sudden resignation of CEO Zhao Ming, reportedly due to health issues. Ex-Huawei general Li Jian has been appointed as the new CEO, while other key executives, including CMO Jiang Hairong and sales chief Zheng Shubao, are also leaving. These shifts come as the company prepares for an IPO and aims to regain its footing in the competitive Chinese smartphone market, facing challenges from its past associations with Huawei.
Honor CEO Zhao Ming has resigned due to health issues, with former Huawei executive Li Jian appointed as his successor. Under Zhao's leadership, Honor became a leading mobile phone brand in China and Russia, despite challenges following US sanctions on Huawei. Li Jian's extensive experience in strategic management is expected to guide Honor's future growth.
Zhao Mingming
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intense competition reshapes chinese high-end smartphone market in 2024
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03:36 23.01.2025
honor undergoes management shakeup following ceo resignation amid ipo preparations
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09:45 17.01.2025
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