Market research agency TechInsights has published a report on its analysis of the smartphone market in China for the third quarter of 2023. Smartphone shipments in China fell 5% year-on-year in the quarter, data shows.

The agency analyzed that the ongoing supply decline is due to factors such as weak consumer demand and an uncertain economic outlook. However, the rate of decline remained constant throughout the quarter, indicating that the market had hit bottom. The Chinese market is expected to begin its recovery path in the coming quarters.

The top five manufacturers in the market include Honor, OPPO (including OnePlus), Vivo, Apple and Xiaomi. Main indicators of companies:

• Onur: 11.2 million units shipped, corresponding to 17.6% market share and a decrease of 7.4% compared to last year;
• OPPO: 10.9 million units (17.1%). 10.7% less than in the same period last year;
• Vivo: 10.7 million units (16.8%). 25.2% less than the same period last year;
• Apple: 9.7 million units (15.2%). 5.8% less than last year;
• Xiaomi: 9.1 million units (14.2%). 0.6% more than last year.

The supply of other companies reached 12.2 million units, and they took 19.1% of the market share, which was 35% more than the previous year. Huawei’s shipments increased by 50% in this quarter compared to last year, gaining 13% market share.