Huawei has recently introduced the Mate 60 and Mate 60 Pro smartphones, featuring their proprietary Kirin 9000s chipset, which demonstrates performance levels comparable to 5G speeds.
Bank of America analysts say this release marks a significant achievement for the company, especially considering the challenges it faced due to U.S. sanctions in 2019, which disrupted critical supply chains.
The Mate 60 is priced at RMB 5,999 (approximately $830, comparable to the iPhone 14 priced at $830), while the Mate 60 Pro is priced at RMB 6,999 (around $960, in contrast to the iPhone 14 Pro priced at $1,100).
The availability of the Mate 60 outside of China is still uncertain and pending a decision.
“If Huawei has the capability to supply and scale its home-grown Kirin 9000S, we see the Mate series phone as an opportunity for Huawei to increase its shipments and regain its market share, potentially posing downside risk to iPhone sales, especially in the Asia Pacific,” the analysts wrote in a report to clients.
“We maintain our Neutral rating on Apple, as positives of new product launches are offset by a weaker spending environment.”