Will Huawei overtake Samsung in phones?

Source:Global Times Published: 2019/4/16 22:03:40

A photographers takes a picutre with a Huawei Ascend P6 smartphone during its unveiling ceremony in Vienna, Aug. 13, 2013. International telecommunications giant Huawei unveiled its latest flagship device Ascend P6 in Austria on Tuesday, marketing it as the thinnest smartphone in the world.(Xinhua/Qian Yi)





Will China's Huawei surpass Samsung, the South Korean technology giant that is currently the largest smartphone vendor worldwide, soon? The answer is yes. 

Huawei is accelerating production of 5G smartphones with total shipments forecast to exceed 1 million this year, Shao Yang, president of strategy marketing at Huawei's consumer business group (CBG), told a group interview at HAS2019 on Tuesday in Shenzhen, South China's Guangdong Province. 

"Our annual target for this year's smartphone shipments is 250 million units. In that situation, we believe there is no big gap between Huawei and Samsung," he said. 

Yu Chengdong, CEO of Huawei's CBG, said in earlier media reports that the Chinese company will overtake Samsung and US smartphone vendor Apple by 2020. 

It is now getting closer to achieving this target.

"It still depends on telecoms operators to come up with specific plans for releasing 5G smartphones, and it is possible that Huawei will reach 10 million units of shipments of 5G phones," Shao noted. Huawei was the third-largest smartphone vendor worldwide in the fourth quarter of 2018, accounting for 17 percent of the market, according to IHS. Samsung and Apple were ahead with 19 percent and 18 percent of market share.

Posted in: ECONOMY,COMPANIES

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