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Huawei Cuts Prices on High-End Smartphones to Compete in China Market

share-iconMonday, December 30 comment-icon3 weeks ago 11 views
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scmpSCMP
Huawei Cuts Prices on High-End Smartphones to Compete in China Market

Credited from: SCMP

  • Huawei Technologies has reduced prices for its high-end smartphones to increase sales amid intense competition in China.
  • The Pura 70 Ultra smartphone's price has dropped 18%, while the foldable Mate X5 is discounted by 19%.
  • Huawei's premium smartphone shipments rose by 34% in the latest quarter, capturing a 33% market share.
  • Analysts predict the Mate 70 series may face challenges due to weaker processors compared to rivals.
  • Huawei continues to lead in the foldable smartphone segment, shipping 1.12 million units in Q3, marking a 97% increase year-on-year.

For more details, visit the original article: SCMP

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