Huawei stays ahead in mobile phone sales

Huawei Technologies Co grabbed a record high share of 42 percent in the domestic smartphone market during the third quarter of this year, with an annual growth rate of 66 percent even as most of its rivals posted sharp declines, a new report said on Wednesday.

The world's second largest smartphone vendor shipped 41.5 million handsets to the Chinese market from July to September, extending its market lead further as local consumers lent support to the Chinese brand which is facing curbs from the US government.

Data from the market research company Canalys showed that the Chinese smartphone market still contracted by 3 percent in the third quarter compared to a year earlier. Huawei, however, achieved a sixth consecutive quarter of double-digit growth during the period.