TechInsights Anticipates 3% YoY Rebound in Global Handset Sales for 2024, Foresees Huawei's HarmonyOS Challenging Android and iOS, Particularly Impacting Apple in China
TechInsights predicts a 3% YoY rebound in global handset sales for 2024, highlighting Huawei $Huawei Hongmong(BK0795.SH$ 's HarmonyOS as a potent contender in China, posing a challenge to the dominance of Android and iOS. $Apple(AAPL.US$
Overcoming previous supply challenges, Huawei's strategic moves, including incorporating its 5G chipset in mass-market devices, signal a robust recovery.
The anticipated easing of chipset restrictions reshapes China's handset operating system market, with HarmonyOS gaining momentum. The upcoming HarmonyOS Next, devoid of Android compatibility, is expected to contribute to this shift, presenting a challenge for Huawei in building an independent application ecosystem. Apple, in particular, may feel the impact of HarmonyOS' growing presence in China's competitive smartphone landscape.
According to TechInsights, Huawei is working with established Internet services providers like WeChat from TENCENT, Alipay from BABA, Douyin $ByteDance(FT0001$ , DiDi $DiDi Global Inc(DIDIY.US$ , and $MEITUAN-W(03690.HK$ , as well as $CHINA TELECOM(00728.HK$ and $ICBC(01398.HK$. These platforms and enterprises have developed or are developing HarmonyOS native apps for the China market.
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