News Summary

• Apple declined the most among the top five, sinking to fifth from first place, with 10 million units and a 15% share, which is a year-on-year decrease of 25%.Huawei's performance is up 70% from a year earlier, when the company was still reorganizing its phone business following U.S. sanctions.
• Analytics company Canalys has released its latest report on China's smartphone market for the first quarter of 2024, and Apple has come off worst among the top five brands jostling for supremacy in Asia's largest economy.Huawei returned to the top spot after 13 quarters with a 17% market share.
• The local vendor shipped 11.7 million smartphones, thanks to its popular Mate and nova series, while OPPO rose to second place on strong performance of its Reno 11 series, shipping 10.9 million units.
• HONOR shipped 10.6 million units with a 16% share, a year-on-year increase of 9%, while vivo shipped 10.3 million units with a 15% share, a year-on-year decrease of 9%.
• During his visit, coming on the back of a strong Chinese fourth quarter, Cook announced the expansion of Apple's R&D center in the city, highlighting China's crucial role in the company's strategy.
• Huawei's 5G Mate 60 Pro uses a China-made 7-nanometer processor tailored for the local market, showcasing the kind of advanced semiconductor manufacturing capabilities that US sanctions were originally designed to prevent.