Huawei, one of China’s largest smartphones makers shipped a whooping 153million smartphones in 2017 alone, according to a Bloomberg report. This came as reports are suggesting that the smartphone maker is in talks with some major US carriers to penetrate the US market so as to compete favorably with Apple and Samsung.
The disclosure came in a letter to the company’s staff by its current CEO Ken Hu. The huge shipment did not however reflected on the company’s overall revenue in a considerable manner, as the report said that Huawei’s revenue rose by 15percent as against 32percent recorded in 2016. The 15percent rise amounts to $92billion in 2017.
With a fairly wide range of smartphones in its library, majority of which are high-end but affordable, the company will need much more to be able to compete with the iPhone X, which as a matter of fact has performed even better than their flagship in China. Even though the Chinese brand is steadily moving deeper into higher-end phones, selling devices priced as high as 8,999 yuan, the question still remains, can it compete with Samsung and Apple any time soon, in a market where Apple and Samsung has lots of stakes?
In the report, CEO Hu didn’t discuss profitability or give division specifics in his memo, which precedes a more comprehensive results report. But it’s said it wanted to keep a closer eye on the bottom line.
Counterpoint Research estimates Huawei may have grabbed a 4.9 percent of global handset profits in the third quarter, ahead of its Chinese rivals but still lagging Apple and Samsung, as expected. More so, with such huge shipment, which might be an indication of higher demands, the company has certainly rode past its local rivals and poised to higher competition.
Huawei Technologies Co., Ltd. is a Chinese multinational networking and telecommunication equipment and services company headquartered in Shenzhen, China. It is the largest telecommunications equipment manufacturer in the world, having overtaken Ericsson in 2012.
Huawei was founded in 1987 by Ren Zhengfei, a former engineer. At the time of its establishment, Huawei focused on manufacturing phone switches, but has since expanded its business to include building telecommunications networks, providing operational and consulting services and equipment to enterprises inside and outside of China, and manufacturing communications devices for the consumer market. As of the end of 2014, Huawei’s products and services are available in more than 170 countries, and are used by a third of the world’s population, ranking third in the world in mobile phone shipments in 2015