Summary of Chinese Phone Brands Going Abroad

Looking for the article?
We have the summary! Get the key insights in just 5 minutes.

Chinese Phone Brands Going Abroad summary

Rating

6 Overall

7 Importance

6 Innovation

6 Style

Recommendation

Chinese smartphone companies like Huawei and Honor pack solid performance and cutting-edge technology into their handsets, but for a long time, they played minor roles in Western markets, especially in the United States. In fact, American consumers can’t even buy Huawei phones directly from their network carriers even though Huawei is the world’s third-largest phone company after Apple and Samsung. In a post on Tencent Tech News’ WeChat wemedia account, chief reporter Guo Xiaofeng summarizes developments pertaining to China’s major phone companies and reports industry data findings. Guo’s account is an interesting first dip into the complex mobile phone landscape – but feels too cursory and would benefit from deeper analysis. Nonetheless, getAbstract recommends this read to tech geeks and others interested in smartphones beyond Samsung and Apple.

In this summary, you will learn

  • Why Chinese smartphone makers are expanding into overseas markets and
  • Which Chinese brands are doing well in the global smartphone arena.
 

About the Author

Guo Xiaofeng is the chief reporter for the technology column Tencent News, covering the latest on telecommunications, mobile phones and mobile microchip research.

 

Summary

Smartphone industry data as of mid-2018 reveal declining sales in China. Chinese smartphone companies are responding by selling abroad. In 2017, mobile shipments in China saw an unprecedented 4% year-on-year decline down to 459 million. In the fourth quarter of 2017, only 113 million units shipped – 14% less than during the fourth quarter of 2016. Despite this, smartphone maker Huawei still managed 9% growth in that tough quarter, leading the industry at 24 million phones shipped. Sales for two other major phone makers, Oppo and Vivo, dropped 16% and 7%, respectively. Industry experts believe this downward trend will likely continue. Competition among the middle to high-end smartphones will be particularly fierce in the domestic market. Outside China, markets show higher and more frequent demand for smartphone updates and upgrades, and Chinese brands are eager to exploit these opportunities for expansion and profit.

Comment on this summary

More on this topic

More by category