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Chinese smartphone companies have a major setbackIt is a bad news for China, who is the world’s largest smartphone manufacturer and the world’s largest smartphone sales leader. According to the report of market research firm Canalis, for the first time in China in 2017 this year saw a 4% decrease on the year-on-year basis. In 2017, China has succeeded in selling 45.9 million handsets. Let us know that Canalis is Singapore’s market research firm. Significantly, Chinese companies are dominating the Indian smartphone market this time and they have occupied more than half of the country’s smartphone market.The Reason Behind the Weak Performance.In his report, Canalis said, “The main reason for this decline is the weakest performance on the year-on-year basis in the fourth quarter of the year 2017 in China’s smartphone sales. During this period, a total of 11.3 million smartphones were sold with 14 percent decline. Chinese company Huawei’s performance was the best in its domestic market and in the fourth quarter of the year 2017, the company has sold 2.4 million smartphones. Huawei has succeeded in selling 9 million smartphones throughout the year. This is the first time in the last 8 years that the Chinese smartphone industry has seen a decline rather than growth.Canalis Research Analyst Mo Jia said in a statement: “Honor’s performance is complementary to Wave, but its contribution in total sales of Wave is more than half. Competition between Wave and Honor is increasing, Wave will have to go ahead and cut off the damage done to herself by own brand. In the past, sales of Oppo and Vivo smartphones went down 16% and 7% respectively. Oppo totaled 1.9 million and Vivo sold a total of 1.7 million smartphones. Despite the decline in the fourth quarter, Oppo and Vivo achieved double-digit growth rates in 2017. Both companies have maintained second and third positions in the Chinese smartphone market respectively.

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