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Honor to Hold 2% Market Share Globally in the Year 2021, Says Report

mm by Richard Brown
December 20, 2020
in Technology
2 min read
Home Technology

Honor smartphones enjoy a very high value in the global market and the reason for it is the lucrative designs as well as multiple features of such smartphones. According to the report released by the research firm, TrendForce, Honor, the independent smartphone company after being sold-off by Huawei will be having around 2% market share in 2021.

The smartphone brand is known for providing innovative smartphones with a plethora of features. Honor has built strong popularity among the target audience and its offloading is going to hit Huawei. The Chinese giant share is expected to witness a major decline as it would see a decline from 14% in 2020 to 4% in 2021.

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The major reasons for the booming popularity of Honor smartphones are their beautiful designs and high-end specs & features. Due to this, all the different smartphone models of this brand present stern competition to other smartphone brands.

Earlier, Huawei had the responsibility to manufacture Honor smartphones but it decided to sell its Honor brand due to the sanctions imposed by the United States on it. Under this, the company was restricted from procuring necessary components which impacted its ability to manufacture and introduce new smartphones in the market.

Many smartphone models of the company, Honor, enjoy a boom in their popularity at a global level. Out of all the different models available, the popularity of HONOR 9x has got a big boom over time due to its multiple features. Read about this smartphone and HONOR 9x review online to gain more information before buying it.

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Richard Brown

Richard has worked as a journalist for various print-based magazines for more than 5 years. He brings together substantial news pieces from the Education industry.

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