China’s Huawei Technologies sold 1.6 million of its Mate 60 Pro handsets in just six weeks, according to research firm Counterpoint Research.
The embattled tech giant managed to sell 400,000 of these units in the last two weeks amid growing concerns that the high-end smartphone is hurting Apple’s (NASDAQ:) iPhone 15 sales in China.
In the initial 17 days of the iPhone 15’s availability, sales were down 4.5% compared to the previous iPhone 14, as reported by Counterpoint.
Huawei’s strong performance is seen as a significant achievement, particularly in the face of U.S. technology sanctions, which have forced the company to rely more on domestically made chips.
“The trend suggests iPhone would lose to Huawei in 2024,” analysts at Jefferies wrote in a recent note to clients.
“We believe weak demand in China would eventually lead to lower-than-expected global shipments of iPhone.”
Apple shares were down 0.3% in early Thursday trade.