Huawei Says Goal to Be World's Top Phone Maker Some Time Off

"We would have become the largest in the fourth quarter (of this year) but now we feel that this process may take longer."

Huawei Says Goal to Be World's Top Phone Maker Some Time Off
Highlights
  • Huawei aimed to become largest smartphone maker this year
  • However, those plans have now been delayed due to recent turn of events
  • Huawei currently sells 500,000 to 600,000 smartphones a day

China's Huawei  will need more time to become the world's largest smartphone maker, a goal it originally aimed to achieve in the fourth quarter of this year, a senior executive said on Tuesday.

"We would have become the largest in the fourth quarter (of this year) but now we feel that this process may take longer," said Shao Yang, chief strategy officer of Huawei Consumer Business Group, without elaborating on reasons.

Huawei currently sells 500,000 to 600,000 smartphones a day, he said in a speech at the CES Asia technology show in Shanghai.

The comments come after the United States put Huawei on a blacklist last month that barred it from doing business with U.S. companies on security grounds without government approval, prompting some global tech companies to cut ties with the world's largest telecommunication equipment maker.

The company in January said it could become the world's biggest-selling smartphone vendor this year even without the U.S. market. It was the second-biggest vendor in the first quarter, behind South Korea's Samsung Electronics Co Ltd, according to research and advisory firm Gartner.

Analysts estimate the recent U.S. sanctions could push Huawei's smartphone shipments down as much as a quarter this year and cause its handsets to disappear from overseas markets.

© Thomson Reuters 2019

Comments

For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook, and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel.

Further reading: Huawei
AMD Radeon RX 5700 XT, Radeon RX 5700 'Navi' GPUs Launched, 16-Core Ryzen 9 3950X CPU Announced at E3 2019

Related Stories

Share on Facebook Tweet Snapchat Share Reddit Comment
 
 

Advertisement

Advertisement

© Copyright Red Pixels Ventures Limited 2021. All rights reserved.
Listen to the latest songs, only on JioSaavn.com