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Huawei plans to become the world’s top smartphone vendor in the Q4 of next year

China’s Huawei raised its forecast for full-year smartphone shipments to more than 200 million

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“I think it’s no problem that we become the global No.2 next year; in Q4 next year, it’s possible we become No.1,” Richard Yu, Huawei CEO, told at Huawei media briefing at its headquarters in Shenzhen, Reuters report.

He attributed the growth to strong sales in Europe and China, bolstered by premium products such as the p20 series, of which it has sold more than 9 million units since its launch four months ago.

The Chinese market is key for Huawei as it has come under fire in the United States, Australia and other nations over concerns it could facilitate Chinese government spying,which it has repeatedly denied.

Huawei’s consumer business group saw 73 percent revenue growth in the Europe, Middle East and Africa (EMEA)

 

Yu said there was nothing the company could do about being virtually shut out of the United States market with In the US no major carriers there selling its smartphones.

And… the Democratic National Committee warned party candidates running in November elections not to use devices made by Chinese telecommunications companies ZTE Corp and Huawei Technologies because they pose a security risk, a Democratic source said on Friday.

But strong growth in some other markets has offset that. Huawei’s consumer business group, which includes the smartphones operations, saw 73 percent revenue growth in the Europe, Middle East and Africa (EMEA) region in the first half. Revenue from China grew 37 percent.

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READ MORE: Huawei Overtakes Apple and Become World’s Second Largest Smartphone Vendor

Huawei overtook Apple to become the world’s second-biggest smartphone seller in the June quarter, data from market research firms showed.

The company’s full-year forecast for smartphone shipments would represent a 31 percent rise for 2018, a strong recovery after a sharp slowdown a year ago.

Research firm IHS Markit earlier said the strategy of Huawei is to shift to more value-added models, by launching new flagship smartphones with the latest features. This will assist the China-based phone maker to grab more share.

“Huawei’s P20 Pro is the first flagship smartphone model to be equipped with triple cameras, beating competitors to market. Increasing brand recognition in Europe and Asia is enabling the company to challenge Samsung in many price segments,” said Gerrit Schneemann, senior research analyst, smartphones, IHS Markit.

READ MORE: Huawei partners Dubai Tourism for Chinese tourist services

Huawei’s recovery comes as the Chinese smartphone market, the world’s largest, shows signs of further consolidation towards the largest vendors.

Huawei plans to add 10,000 retail stores around the world before the end of this year. It also plans to do internal testing of 5G phones in the fourth quarter of this year for a launch some time next year, Yu said.

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