Huawei's global market share in Q3 2023 was 8.8%, a decrease from 10.2% in the same period in 2022.
Huawei shipped more than 30,000 units of its Seres SF5 electric vehicle in the first half of 2023.
Huawei's revenue for the first three quarters of 2023 was CNY 671.3 billion ($104.8 billion), a 1.3% increase from the same period in 2022.
Huawei's smartphone sales in China outpaced those of Apple in Q3 2023.
Huawei, the Chinese multinational technology company, reported a modest revenue growth in the third quarter of 2023, despite an increase in phone and car sales. The company's revenue for the first three quarters of 2023 was CNY 671.3 billion ($104.8 billion), a 1.3% increase from the same period in 2022. This growth was largely driven by the company's consumer business, which includes smartphones and other devices.
In the same period, Huawei's smartphone sales in China outpaced those of its competitor, Apple. The launch of Huawei's Mate 60 series in September 2023 contributed significantly to this growth. According to Counterpoint Research, Huawei's market share in China increased by 3% in Q3, while Apple's share decreased by 1%.
However, despite the growth in the domestic market, Huawei's global smartphone sales continue to be affected by U.S. sanctions. The company's global market share in Q3 was 8.8%, a decrease from 10.2% in the same period in 2022.
In addition to smartphones, Huawei has also been expanding its business in the automotive industry. The company's car sales have been growing steadily, with the company shipping more than 30,000 units of its Seres SF5 electric vehicle in the first half of 2023.
Huawei’s revenue in the first three quarters of 2023 came in at 671.3 billion yuan ($105 billion), a 1.3% increase year on year.
The company’s smartphone business saw a 33% increase in shipments in China in the third quarter.
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The article slightly leans towards portraying Huawei in a positive light by emphasizing the growth in phone and car sales, despite the modest revenue growth.
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Apple’s iPhone sales in China have grown 5% year on year, despite the global chip shortage.
The iPhone 13 range has been particularly popular in China.
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The article seems to favor Apple by highlighting the increase in iPhone sales in China, despite the global chip shortage.
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9to5Mac is a news website that primarily covers Apple-related news. The site could potentially have a bias towards Apple, which may influence its reporting on competitors like Huawei.
Huawei has grown faster than Apple in China in the third quarter of 2023, following the launch of the Mate 60.
Accuracy
No Contradictions at Time
Of
Publication
Deception
(100%)
None Found At Time Of
Publication
Fallacies
(100%)
None Found At Time Of
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Bias
(95%)
The article seems to favor Huawei by emphasizing its growth in China, especially in comparison to Apple.
Site
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CNBC is owned by NBCUniversal, a division of Comcast Corporation. Comcast Corporation has significant investments in technology and telecommunications sectors which could potentially influence the reporting on companies like Huawei and Apple.