Stories
Slash Boxes
Comments

SoylentNews is people

SoylentNews is powered by your submissions, so send in your scoop. Only 19 submissions in the queue.
posted by martyb on Sunday August 05 2018, @02:31PM   Printer-friendly
from the who-ya-gonna-call? dept.

Huawei Declares Ambition to Be No.1 After Dethroning Apple

Huawei Technologies Co., which just edged past Apple Inc. to become the world's second-largest smartphone maker, wants to be top of the heap before the end of 2019.

The Chinese giant shipped more than 95 million phones in the first six months, up about 30 percent from a year earlier. Consumer division chief Richard Yu on Friday said he wants Huawei to be No. 1 in smartphones by the fourth quarter of next year, with a market share of more than 20 percent -- despite acknowledging its virtual absence in a pivotal U.S. market.

Huawei this year overcame a global slump by grabbing sales from Apple and current leader Samsung Electronics Co. The fast-growing consumer division has helped Huawei, the leader in global telecommunications equipment, get past lackluster demand from carriers globally. Despite barely making a dent in the U.S., it's managed to build a strong presence in $600-plus phones in markets from Europe to Africa, which in turn allowed it to break Apple's and Samsung's years-long stranglehold on the global market.

Also at WSJ, Business Insider, and CNBC.

See also: Global tablet sales decline, with only Apple and Huawei showing growth

Related: Huawei CEO Still Committed to the U.S. Market
Rural Wireless Association Opposes U.S. Government Ban on Huawei and ZTE Equipment
Huawei Has Ended Support for Unlocking Bootloaders on Its Devices
Apple Becomes First US Company to Exceed $1 Trillion Market Capitalization


Original Submission

 
This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 5, Interesting) by takyon on Sunday August 05 2018, @08:57PM (2 children)

    by takyon (881) <takyonNO@SPAMsoylentnews.org> on Sunday August 05 2018, @08:57PM (#717603) Journal

    If Huawei's purpose is to spread millions of China-backdoored units across the planet rather than turn a bigger profit, it could be the right metric.

    Alternatively, Huawei phones are more secure because they are made out of the reach of the NSA. And we care more about the number of phones shipped/sold and their pricing rather than the company's profits.

    Either way, Huawei is here to stay (for now).

    --
    [SIG] 10/28/2017: Soylent Upgrade v14 [soylentnews.org]
    Starting Score:    1  point
    Moderation   +3  
       Interesting=3, Total=3
    Extra 'Interesting' Modifier   0  
    Karma-Bonus Modifier   +1  

    Total Score:   5  
  • (Score: 0) by Anonymous Coward on Sunday August 05 2018, @09:36PM (1 child)

    by Anonymous Coward on Sunday August 05 2018, @09:36PM (#717626)

    Either way, Huawei is there to stay (for now).

    FTFY

    I don't think a major carrier in the US sells Huawei phones at the moment, but the UK has Huawei telecom hardware built deep in their infrastructure.

    • (Score: 3, Interesting) by FatPhil on Monday August 06 2018, @06:14AM

      by FatPhil (863) <{pc-soylent} {at} {asdf.fi}> on Monday August 06 2018, @06:14AM (#717758) Homepage
      However, the US is ever becoming a less important subset of the global phone market, so "there" is more important in the less immediate term. China's middle class is a larger market than the whole of the US, for instance, and that's a middle-class quite addicted to the conspicuous consumption of things like blingy phones. In NE Europe, I probably see more Huaweis than Apples. Then again, I know more people who work for Huawei than Apple too, as they employ locally.
      --
      Great minds discuss ideas; average minds discuss events; small minds discuss people; the smallest discuss themselves