China markets articles
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IDC: Honor and Huawei topped China's smartphone market in Q1
The Chinese smartphone market grew by 6.5% in Q1,2024 thanks to robust demand for Huawei and Honor devices. The IDC quarterly mobile phone tracker shows an estimated total of 69.3 million smartphones were shipped in the first three months of the year, led by Honor and Huawei. The two companies are neck and neck for the leading position with each controlling a 17% share of the market. Huawei’s market share growth is impressive with a 110% rise compared to Q1 2023. The drive was pushed by the...
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GE HealthCare misses quarterly revenue estimates on weakness in China market
The medical device maker's revenue from China market, which constitutes nearly 13% of its total revenue, dropped more than 11% in the quarter ended March 31. "Many of GE HealthCare's suppliers were noting weakness in China last quarter, so it makes some sense that we would see that come through (to this quarter)," BTIG analyst Ryan Zimmerman said.
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iPhone sales take a dip in China despite consecutive market growth
Apple recorded a double-digit decline in its Chinese market share growth in Q1 2024. This came despite Chinese smartphone sales growing by 1.5% year-over-year in the quarter, with vivo at the top.