Chinese smartphone brands are seeing a rebound in volumes, but their cumulative revenue share is decreasing as iPhones and Samsung devices gain popularity in the premium segment. The market share of Chinese brands rose to 75% in the March quarter, bouncing back from a low of 61% in the July-September period. This growth is attributed to the shipment rebound by top brands such as Xiaomi and Vivo. However, their revenue share has fallen to 48% in Q1 CY24 from 70% in Q1 CY20, indicating the strengthening premiumisation trend.
The Justice Department’s first witness when the government kicks off the second week of the Google antitrust trial will be a Verizon executive, who will likely face questions about agreements that the search and advertising giant reached with wireless carriers to be the default on their smartphones. The trial began Tuesday with talk of the ‘future of the internet’ but quickly plunged into the weeds of commercial agreements with Android makers like Motorola and Samsung.
