The Chinese market welcomes the ‘upgrading wave’, as Huawei and Xiaomi drive the rebound of the industry chain orders.

Chinese Market Benefits from Upgrading Wave as Huawei and Xiaomi Lead the Rebound in Industry Chain Orders

[Mobile China News] In recent years, the global smartphone market has been declining, and the Chinese market is no exception. Many mobile phone manufacturers and supply chain manufacturers have also been greatly affected. Previously, research institutions predicted that the recovery of the mobile phone market would start in the second half of 2023. However, recently, Mobile China noticed that IDC released the monthly retail data of Chinese smartphone saleouts, and we can see that the smart phone industry chain is showing signs of recovery driven by new models such as Huawei and Xiaomi.

The data shows that the actual retail volume of smartphones in China in the third quarter of this year increased by 0.4% year-on-year, and the growth trend continued in the first half of October. Behind this trend, it is inseparable from the leading benefits of consumer electronics companies and the innovative drive and technological breakthroughs of brand phone manufacturers.

Huawei and Xiaomi, as well-known domestic phone brands, played a significant role in this round of recovery. They not only lead the market trend by introducing innovative products but also promote the recovery of market demand by optimizing supply chain management and improving production efficiency to reduce costs.

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Huawei, as the leading company in the domestic smart phone market, has been committed to the development of innovative and high-quality phone products. Recently, Huawei launched the Mate60 series flagship phones, which have attracted a large number of consumers. It is reported that the sales volume of the Mate60 series has now exceeded 2 million units.

Xiaomi is also not to be outdone, continuously strengthening brand building and product research and development in recent years. Not long ago, the Xiaomi 14 series was officially launched. This is Xiaomi’s latest flagship and a rare small screen Android flagship phone on the market. According to Lei Jun, the first sales volume of Xiaomi 14 is about six times that of Xiaomi 13, which is very impressive.

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