[ad_1]
Per the analytics agency, world smartphone gross sales contracted 5.7 % year-over-year to 366 million items in Q3 2020. This is definitely excellent news, on condition that the final two quarters had seen a decline of 20 %.
With 51.eight million items shipped, Huawei was the second-largest vendor. The firm misplaced a considerable share of gross sales, presumably due to the restrictions imposed by the US.
Xiaomi benefited significantly from Huawei’s losses
And lastly, with gross sales of 29.9 million items, Chinese firm OPPO additionally secured a spot in the highest 5.
Overall, the market appears to be recovering, thanks to pent-up demand from earlier quarters and the enhancements on the availability facet. That mentioned, a brand new coronavirus wave may very well be upon us, and we may have to wait and see if the restoration continues into This fall.
(This story has not been edited by Newslivenation workers and is auto-generated from a syndicated feed.)