Huawei is strong this year with a record market share in China in the second quarter of 2018, according to various analysts. All of this comes amid the decline of the Chinese market, which is impressive.
Huawei adjusts its target. Initially, the company was aiming to ship about 180m units this year, but with 95m transfers in the first half alone, the company now expects to reach 200m. Let us remind you that the Mate 20 series has yet to be launched before the end of 2018.
According to Chief Executive Officer Richard Yu, Huawei’s excellent performance is largely due to increased sales in China and Europe. In China, for example, the company sees growth of 37%, while in Europe, the Middle East, and Africa (EMEA), there is a 73% increase in revenue. In addition, this year’s leading P20 saw 45% higher sales than their predecessors, hence everything is going well.
The only real issue here is the US market, where Huawei phones are banned by airlines and there is nothing the company can do about it. The same is true for the Australian market, although the CEO believes the growth of the Chinese and European markets is offset by missed opportunities abroad.
Looking ahead, Huawei will begin testing the 5G phones at the end of 2018, ready for 2019. The CEO is optimistic about Huawei’s performance in 2019 and believes they have a chance to become the number one smartphone manufacturer by the fourth quarter of 2019.