Huawei Technologies has seen a resurgence in the Chinese smartphone market, putting pressure on Apple Inc. (NASDAQ: AAPL). Huawei's smartphone sales in China increased by 37% year on year, capturing a market share of 12.9%. The company's recent release of a smartphone equipped with a cutting-edge chip has been a game-changer. Analysts speculate that if Huawei integrates its new chip into mid-range smartphones, it could further disrupt the market dynamics. Despite Huawei's success, the overall smartphone market in China witnessed a 14% decline in shipments in 2022.