Huawei has no doubt been the most talked-about tech manufacturer in recent times. This is thanks to the company’s consistent rise however mainly as a result of the US blacklist what was noted in Might this year. Prior the US clampdown, Huawei was already ahead of Apple in terms of smartphone shipments and was projected to surpass Samsung in market shares in 2020. Huawei may not have its sight in conference Samsung’s shipments but founder and CEO, Ren Zhengfei is yet confident the company will reach impressive sales this year.
In an interview with Yahoo Finance, Ren Zhengfei predicted that the tech giant will ship 30% extra phones globally this year than it did last year, despite of the blacklist. He suggested that he expects both Huawei and Honor to ship an priced 270 million handsets globally in 2019. Recall that Huawei was capable to ship a total of 206 million smartphones globally last year, according to estimates released by IDC. The figure placed Huawei in the third position behind Samsung and Apple.
To achieve this predicted shipping estimates, Huawei will be looking to rely on strong income in China like well as in Europe where Donald Trump’s clampdown hasn’t been effective against Huawei’s smartphone income. Recent research by Kantar offered that both the Huawei and Honor brands already account for 46.1 per cent of the Chinese market in the second quarter. The research firm’s market share figure for Huawei was based on a survey of 27,000 respondents in China in both primary and lesser-designed cities.
Huawei had show that it crossed 100 million shipments by the end of May perhaps. That is prior the ban went into effect but due to the fact then, Huawei still reported year-on-year growth in its primary European markets, UK, France, Germany, Italy and Spain, in the April-June quarter. But, general profits in the five countries declined by 1.9 per cent on a quarter-on-quarter basis like the negative publicity by the US starts to have an effect on some consumer’s confidence in the brand.