Huawei Squeezes into Top 10 Most Valuable Brands of 2022: How it managed to do so?

Counterpoint Research announced earlier this week that Huawei had slipped out of the Top 5 smartphone brands in China as of Q4 2021. In comparison to its 23 percent market share in Q4 2020, the corporation now only has 7% of the Chinese smartphone market, a threefold decrease from the previous year. Despite this, Huawei's overall market value remained stable. Instead, the company's worth has risen to become one of the top ten most valuable brands in the world by 2022.

Huawei reposted a research from Brand Finance, one of the world's premier brand value consultants based in London, on Twitter lately. Huawei says in the Twitter post that, despite numerous unanticipated hurdles, the business has managed to enhance its rankings in the world's most valuable in 2022. For context, the company was ranked as the 15th most valuable brand in 2021, but in 2022, it jumped 6 spots to become the 9th most valuable brand among 500 other international brands. Huawei was supposed to be worth $71.2 billion. Brand Finance's research is available for download at brandirectory.com.