Richard Yu, head of Huawei’s consumer business, said on Friday that the company’s mobile phone business was “on the road to revival” in a keynote speech at the company’s annual developer conference in the southern Chinese city of Dongguan.
Yu Chengdong said that in the second quarter, Huawei’s domestic smartphone market share increased by 76.1%, ranking second in the high-end field.
The company captured 11.3 percent of the overall Chinese market in the second quarter, trailing five rivals led by Vivo and Apple, according to Counterpoint Research.
Counterpoint attributed Huawei’s growth to a return to normal product launches after the shortage was resolved.
Several rounds of U.S. restrictions on U.S.-made technology have limited Huawei’s production of the latest generation of 4G handsets, leading to a sharp decline in its once sizeable domestic and foreign handset market share.
U.S. and European governments have labeled Huawei a security risk, an allegation the company denies.
Yu said Huawei’s in-house Hongmeng operating system had “overcome many challenges” over the past four years, noting that the system currently has 2.2 million developers.
Last month, research firms told Reuters they expected Huawei to resume production of 5G smartphones by the end of the year by sourcing chips domestically, despite U.S. restrictions.
Huawei declined to comment.
© Thomson Reuters 2023
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