Honor has become the rising star of the smartphone market!
A few years ago, the US imposed heavy trade restriction and technology embargo on Huawei. For this reason, Honor has set a separate route for itself. Now honor has become the rising star of the smartphone market. Not only that, despite the shrunk in the global market, Honor grew 4 times and increased its revenue. So, who were the best-selling brands in the market this year?
Honor surpassed Huawei in the smartphone market!
Honor said that they have completely severed their ties from Huawei. But over the past few years, they’ve launched many devices from phone to laptop with the same design and features as Huawei’s. The reason for this situation was the joint license agreements that would last for a few more years. But now they have started to sell their own products.
However, the company managed to grow by 370 percent even as the smartphone market shrank, due to the chip crisis, supply chain problems, semiconductor shortages, cable crises and global inflation. They also increased their revenues by 291 percent compared to last year.
Global market
- Samsung: 23 percent
- Apple: 18 percent
- Xiaomi: 12 percent
- Oppo: 9 percent
- Vivo: 8 percent
- Honor: 5 percent
Asian market
- Xiaomi: 15 percent
- Oppo: 15 percent
- Apple: 14 percent
- Vivo: 14 percent
- Samsung: 14 percent
North American market
- Apple: 52 percent
- Samsung: 30 percent
- Motorola: 10 percent
- TCL: 2 percent
- Google: 2 percent
European market
- Samsung: 35 percent
- Apple: 26 percent
- Xiaomi: 14 percent
- Oppo: 6 percent
- Realme: 4 percent
LATAM market
- Samsung: 44 percent
- Motorola: 17 percent
- Xiaomi: 11 percent
- Apple: 5 percent
- ZTE: 4 percent
MEA market
- Samsung: 23 percent
- Tecno: 14 percent
- Infinix: 10 percent
- Itel: 10 percent
- Xiaomi: 8 percent
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