What you need to know
- Nikkei Asian Review has conducted its annual survey of global technology markets.
- Results reveal China now has the largest market share in 12 sectors.
- Notably, Huawei has surpassed Apple to become the second-largest smartphone maker for the first time.
A new report from Nikkei Asian Review says Huawei has surpassed Apple with the second-largest market share of the smartphone market for the first time in 2019.
According to the report, Chinese companies "are continuing to expand their presence in the race for dominance in global high-technology markets with a boost from robust domestic demand." The report notes that of 74 high-tech sectors surveyed, China now boasts the largest market share in 12 of them, up from 10 last year. Despite this rise, the U.S. still dominates with the largest market share in 25 such sectors.
Notably, despite US-China trade tensions and an export ban, the Chinese smartphone maker passed Apple for the first time:
The report further notes that Huawei's most recent quarter market share was 20%, again up on the same period last year. The report emphasizes further this massive shift in the smartphone market in recent years:
Stephen Warwick has written about Apple for five years at iMore and previously elsewhere. He covers all of iMore's latest breaking news regarding all of Apple's products and services, both hardware and software. Stephen has interviewed industry experts in a range of fields including finance, litigation, security, and more. He also specializes in curating and reviewing audio hardware and has experience beyond journalism in sound engineering, production, and design.
Before becoming a writer Stephen studied Ancient History at University and also worked at Apple for more than two years. Stephen is also a host on the iMore show, a weekly podcast recorded live that discusses the latest in breaking Apple news, as well as featuring fun trivia about all things Apple.
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