Honor leads Chinese smartphone market in Q1, Huawei dominates foldable segment

Honor leads Chinese smartphone market in Q1, Huawei dominates foldable segment

In the first quarter of 2024, the Chinese smartphone market hit shipments of 69.26 million units, marking a year-on-year growth of 6.5%, according to market intelligence firm IDC. Honor claimed the top spot with a 17.1% market share, while Huawei followed closely with a 17% share. Oppo (15.7%), Apple (15.6%), and Vivo (14.6%) ranked third to fifth, respectively. In the same period, the Chinese foldable smartphone market continued its rapid growth trend to reach shipments of 1.86 million units, which represented an 83% year-on-year increase. In the foldable market, Huawei secured its leading position with a market share of 44.1%, while Honor took second place with a share of 26.7%. [IDC, in Chinese]

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