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According to the analytics firm, global smartphone sales contracted 5.7 percent year-on-year to 366 million units in the third quarter of 2020. This is really good news, given that the last two quarters had seen a decline. 20 percent.
With 51.8 million units shipped, Huawei was the second largest seller. The company lost a substantial percentage of sales, presumably due to restrictions imposed by the United States.
Xiaomi profited hugely from Huawei’s losses
And finally, with sales of 29.9 million units, the Chinese company OPPO also secured a place in the top five.
Overall, the market appears to be recovering, thanks to pent-up demand from previous quarters and improvements on the supply side. That said, a new wave of coronavirus could be upon us, and we will have to wait and see if the recovery continues into the fourth quarter.