BEIJING, Nov 14 (Reuters) - Strong sales growth at Huawei (HWT.UL) helped power an 11% rise in China's total smartphone shipments in October, data from research firm Counterpoint showed on Tuesday, indicating signs of recovery in its lagging mobile market.
Huawei was a major contributor to the average year-on-year growth in the first four weeks of October, with its sales surging 83%, a note from the firm showed.
According to the Counterpoint data, Xiaomi (1810.HK) also saw a 33% increase in smartphone sales in October.
China's smartphone market has seen sales fall over several quarters, with a 3% drop in the quarter ending June, according to Counterpoint.
Analysts expect the market may be poised for a rebound, with research firm IDC predicting unspecified year-on-year sales growth in the fourth quarter after ten consecutive quarters of falling shipments.
Persons:
Archie Zhang, we’re, ”, Ivan Lam, Yelin Mo, Brenda Goh, Jan Harvey
Organizations:
Huawei, HK, IDC, Thomson
Locations:
BEIJING, China