Huawei Technologies overtakes Samsung Electronics as top handset maker

Platform News: Huawei Technologies

Huawei Technologies grabbed the title of vendor that was biggest smartphone from Samsung Electronics in the second quarter, underscoring the resilience of the Chinese marketplace even as demand for mobiles plunged amid the COVID-19 outbreak.

Huawei sent 55.8 million apparatus in the April-June period, trumping Samsung’s 53.7 million, according to data from research company Canalys.

The Chinese firm has felt the warmth of US sanctions that have disrupted its business overseas, but the most recent numbers show its rising dominance in its own housing.

Huawei currently sells nearly two-thirds of its handsets in China, which took an early hit but has since reclaimed earth as fresh cases have dwindled. Smartphone makers in different countries are still fighting as virus cases continue to grow.

“Our business has demonstrated exceptional resilience in these difficult times,” that a Huawei spokesman said.

Domestic sales rose 8 percent, but Huawei’s overseas imports fell 27% in the quarter.

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After other markets recover the stint as top vendor of the company may prove short-lived, ” a senior Huawei worker with knowledge of this matter told Reuters.

Samsung said on Thursday it expects smartphone need to pick up from the next half of this year.

The US has effectively blocked Huawei from using Google’s services, damaging the attractiveness of the Chinese company’s phones overseas, and limited its access to chips.

S&P Global Ratings stated in a report on Wednesday the constraints on Huawei could wipe out $25 billion in earnings from several Asia-based firms. Huawei has yet to deal with the effect these curbs will have on its operations.

It remains unclear how a lot of Huawei’s second-quarter earnings were driven versions that are exposed to the restrictions and by its own 5G smart phones, said Nicole Peng, VP of Mobility at Canalys.

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The team at Platform Executive hope you have enjoyed this news article. Initial reporting via our content partners at Thomson Reuters. Reporting by David Kirton. Editing by Richard Pullin.

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