Stock Track | Onestream Inc Soars as HarmonyOS Gains Traction in China's Software Market

Stock Track11-11 22:48

Shares of Onestream Inc (OS), a leading provider of corporate performance management software solutions, surged 5.13% on Friday, November 11th, 2024, amid growing concerns over Android's declining market share in China and the rise of Huawei's HarmonyOS.

According to a report by Tech Insights, Android's market share in China dropped from 72% to 70% in the third quarter of 2024 compared to the same period last year. On the other hand, Huawei's HarmonyOS saw its market share increase from 13% to 15% during the same period.

The growth of HarmonyOS has been fueled by several factors, including Huawei's increasing independence in developing its ecosystem, a growing preference for domestic products among Chinese consumers, and the recent release of HarmonyOS Next, which offers improved performance and features compared to its predecessor.

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