The Chinese smartphone market will grow annually in the third quarter of 2024 to a growth of 3.2 percent signed and the number of products delivered reached 68.8 million units. The quarter leader in the Chinese market, which includes major players such as Huawei and Xiaomi, was once again vivo. The company increased its revenue by 21.5 percent this quarter.

It ranks second in the Asian giant’s domestic market. Apple took it. Although it rose one place in the rankings, Apple’s revenue fell 0.3 percent compared to the same period the previous year. Huawei fell to third place but increased its annual shipments 42 percent has increased.

Chinese manufacturers are expanding the Chinese market

Apple presence in China While continuing to protect the market, the country’s domestic producers were the locomotive for the market’s growth. Xiaomi beats Honor by a very narrow margin (14.8% vs. 14.6%). The launch of the iPhone 16 and the launch of Apple Intelligence could also help the company strengthen its position.

Chinese technology giant Huaweihas been turning heads lately with its strong foldable phone portfolio. Xiaomi, on the other hand, is taking innovative steps towards the higher segment and continues to maintain its budget-friendly product range. Honor continued to maintain its leadership in the budget phone segment.

One of the most important players on the global market Samsung It has struggled to build a large presence in China.