Start supplying!, Huawei News Huawei Mobile | Industry Chain | Huawei
On June 25th, Huawei Supply Chain announced that the company had supplied high-end flagship smartphones for the Mate60 to Huawei. Institutional analysis indicates that the Mate60 series, which will be released in the second half of this year, will once again become the focus of market attention.
In early June, Huawei recently raised its target for mobile phone shipments in 2023 to 40 million units, while at the beginning of the year, Huawei set this target at the level of 30 million units. Industry insiders believe that this is a positive signal for Huawei's mobile phone business to emerge from a downturn.
Huawei Supply Chain Company has supplied Mate60 mobile phones
Huawei's mobile phone business mainly includes high-end models P series, Mate series, as well as mid to low-end models Nova series and Changxiang series. AVIC Securities stated that with the continuous launch of new products, Huawei's mobile phone shipments have shown a recovery trend in recent times. From the third quarter of 2022 to the first quarter of 2023, in the context of a declining global mobile phone shipment market environment, Huawei has experienced three consecutive quarters of growth against the trend.
From March to April this year, Huawei released three new phones within a month, including the P60 high-end flagship phone, Mate X3 foldable screen phone, and Nova 11 mid-range flagship phone. Industry insiders believe that the pace of Huawei's new product releases is expected to return to normal in 2023.
Huatai Securities stated that assuming the release time of Huawei's new product remains unchanged from the past, it is expected that the high-end model Mate60 will be released in the second half of the year.
Huawei's mobile phone industry chain is expected to gradually recover
China Merchants Securities stated that the recovery of demand for mobile phone replacement is slow, but there are also some positive signals, such as the stabilization of the decline in smartphone production. According to Guoyuan International Research Report, from February to April this year, the cumulative year-on-year growth rates of China's smartphone production were -14.1%, -13.8%, and -11.2%, respectively, with a clear narrowing trend in the decline. Currently or already at the bottom of the industry, it is expected to gradually recover in the future.
From an industry perspective, IDC data shows that global smartphone shipments in the first quarter of 2023 reached 270 million units, a year-on-year decrease of 15% and a month on month decrease of 11%. Puyin International believes that the shipment volume of smartphones in the second quarter still faces downward pressure, and industry demand continues to be weak. However, it is expected that the smartphone industry will begin to experience a mild recovery in the third quarter, and we look forward to seeing an upward trend in demand in the smartphone industry in the third and fourth quarters. We maintain a cautious and optimistic attitude towards the improvement in shipment volume in the third quarter.
Market research firm Canalys predicts that global smartphone shipments will drop to 1.13 billion units in 2023, a year-on-year decrease of 5.2%. Huaxin Securities predicts that the smartphone market will remain in a short-term downturn in the first half of 2023, and there will be some recovery in the second half of the year.
Institutions are optimistic about investment opportunities for the recovery of Huawei's mobile phone chain. According to a research report by AVIC Securities, the Mate60 series, which will be released in the second half of this year, will once again become the focus of market attention, and Huawei's mobile phone industry chain is expected to gradually recover.
Bank of China Securities stated that it is optimistic that Huawei's smartphone sales across the entire range will return in the future, driving long-term opportunities for supply chain enterprises.
Huatai Securities believes that Huawei's increase in mobile phone shipment targets and the smooth release of high-end models are expected to have a driving effect on the upstream industry. It is recommended to pay attention to investment opportunities for RF, antenna, and filter suppliers in Huawei's mobile phone industry chain.