Xiaomi continues steady contraction in the third quarter
November 28, 2022

Xiaomi continues steady contraction in the third quarter

SHANGHAI (CHINA) – China’s smartphone market continued its steady contraction in the third quarter. Shipments declined to 14% year-on-year, research firm Counterpoint reported on Friday.

Xiaomi Corp was the only brand to have growth in the quarter, with sales in China up 8% year-on-year. Its overall market share rose to 11% from 9% in the same period last year.

Apple Inc and Huawei Technologies Co Ltd both saw sales decline, breaking a growth streak that lasted several quarters.

Apple’s sales in China fell 7%, while Huawei’s dropped 3%. Their overall shares of the market, however, remained comparatively stable, with Apple at 8% and Huawei at 45%.

The iPhone 11 was the quarter’s best-selling phone, according to Counterpoint, despite not having 5G.

Richard Yu, CEO of Huawei’s consumer business unit, said over the summer that the firm might no longer be able to produce its high-end line of Kirin chipsets starting this September.

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