Xiaomi and Chinese brands are hoarding orders to gain market share with Huawei

With Huawei struggling because of the US ban, Chinese smartphone makers are aiming for a market share gap that Huawei has left behind. These companies, including Xiaomi, are preparing the richest resources for shipments in the next quarter.

The DigiTimes page citing a source from Taiwan’s PCB supply chain revealed that Chinese smartphone manufacturers are hoarding more orders than in the first half of 2020. Moreover, sources believe that this trend will drag. length up to Q1 / 2021. Currently, Xiaomi is placing the highest number of PCB printed circuit board shipments among other brands such as Vivo and Oppo.

These three brands are major rivals of Huawei in its home country of China. Xiaomi’s recently released figures show that its revenue grew by nearly 35% in Q3 2020, largely thanks to smartphone sales.

Xiaomi’s sales of course mostly come from overseas markets and are expected to grow strongly in the near future as the company is trying to accumulate large stocks in stock.

In addition, it is estimated that Xiaomi’s smartphone orders will soon surpass 100 million units in the second half of 2020 to Q1 / 2021. Similarly, Oppo and Vivo will also reach about 90 million and 70 million smartphones sold in the same period.

On the other hand, Huawei is expected to reduce its market share to a third of its current level by 2021. However these are only predictions based on the current situation and it is too early to make any statements. I’m sure at this point.

So let’s wait and see how the performance of Chinese smartphone brands in the near future will be.

See Gizmochina