Honor, Independent from Huawei, Ranks 3rd in China's Smartphone Market
[Asia Economy Reporter Cho Hyun-ui] Honor, a mid-range smartphone manufacturer spun off from Huawei, ranked third in market share in China last month.
On the 29th (local time), CNBC cited market research firm Counterpoint Research, reporting that "Honor recorded a 15% market share in China last month."
Starting as an internal brand of Huawei, Honor was sold last November to Zhixin New Information Technology, established under the leadership of the Shenzhen city government, after the U.S. government's sanctions caused disruptions in procuring key semiconductors and other components.
Beginning as a mid-range brand, Honor unveiled its high-performance 3 series this month and is reportedly preparing a premium Magic series.
Hot Picks Today
"Suspicious Timing?"...Trump Traded Stocks After Praising Wartime Capabilities
- "Even If I Lose My Investment, the Government Will Cover It"... The Fund Attracting Retail Investors' Attention [Weekend Money]
- There Is a Distinct Age When Physical Abilities Decline Rapidly... From What Age Do Strength and Endurance Drop?
- "I Went to 10 Convenience Stores and Still Couldn't Buy It": The Bread Sensation That Sold 100 Million Units Already [The Way We Shop Now]
- "Contact Me First If Houses Are Built": Wealthy Clients Eyeing... Will Ultra-High-End Residences Worth 20 Billion Won Be Developed? [Real Estate AtoZ]
CNBC stated, "Honor is recovering its market share in China based on its loyal customer base and close relationships with sales networks," adding, "Building on this, it is also trying to increase its overseas market share, which was only 3.7% last month."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
