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The Chinese vendor has managed to nab 20% of the market, taking out Apple and Samsung after years of trailing in second or third place.
The growth in Q1 2020 was fuelled by new product launches from market leaders as well as increased perceived utility as people set up offices at home.
Data from Canalys paints a grim picture for the worldwide smartphone industry, with more economic strife to come in Q2.
Smart speakers have seen a 53% growth, but the impact of COVID-19 on the industry remains uncertain, according to Futuresource Consulting.
IDC reports the popularity of hearables was behind the unprecedented growth – the headphones and ear pods market captured 55.3% of the entire market.
Apple and Xiaomi were the only top smartphone vendors to gain in Q4 2019, as global sales dipped 0.4% year over year, Gartner reports.
While many consumers cannot afford the latest Apple Watch, there is an untapped demand for cheaper smartwatches.
Huawei faces significant hurdles as smartphone shipments decline, fuelled by ongoing trade war woes and coronavirus uncertainties, IDC data reveals.
Global smartphone shipments saw a 1% rise in Q4 2019, with Apple and Samsung leading the market, while Huawei faced setbacks, Canalys reports.
Momentum across APAC drives a 65% surge in the wearable band market in Q3 2019, with Xiaomi dominating as Fitbit's market share dips amidst acquisition talks.
Huawei, Samsung, and OPPO increased market share in the third quarter of 2019, while Apple and Xiaomi share declined.
Global smartphone shipments increase in Q3 2019, ending seven quarters of decline, says IDC. Indian market leads growth. Chinese brands rise.
Gartner forecasts 2020 wearable device spending to reach USD $52 billion, up 27% from 2019, driven by smartwatches and smart clothing.
The wearable device market surged by 85.2% in 2Q19, with 'hearables' capturing 46.9% of the market, driven by new products and second-time buyers.
Thanks to the trend in premium brands, worldwide headphone revenue is growing four times faster than shipment numbers.
This will mean some respite after the Australian market's massive 2019 decline and help NZ's see some stability.
Vivo set a new personal record by shipping 5.8 million smartphones to India in Q2 2019, a notable feat given the overall declining market.
5G smartphones are set to surpass 4G in 2023, with nearly 800 million units shipped, driven by rapid adoption in China and strong government initiatives.
Smartwatches and ear-worn devices will account for more than 70% of the 200 million wearables shipped by 2023.
