Source Article: BBC News, 07 December 2018
Huawei is the poster child for China's dynamic tech sector. It has grown phenomenally in recent years, from a small manufacturer of telephone exchange switches, to become a global leader in the tech industry.
While the brand is familiar to many from its mobile phone handsets, Huawei has its finger in many other pies - from cloud services to artificial intelligence.
That growth came against a backdrop of a rising China, on its way to becoming the world's second largest economy, providing the firm with a huge base upon which to build its initial market, as a springboard to international expansion.
Most noticeably for consumers, Huawei has swept into the market for consumer electronics, in particular with smartphones.
Earlier this year it overtook Apple in the number of handsets it was shipping worldwide. The uptick in production and distribution reflects a rise in Huawei's popularity , including for both premium models and its lower-priced Honor brand.
Currently, Huawei is holding its own in one of the largest parts of its business, the sale of mobile telecommunications infrastructure equipment, such as that needed to support the roll-out of faster 5G networks .
Huawei is currently outspending many other global players in research and development in a bid to gain a future edge.
Source Article: The Guardian, 01 August 2018
iPhone manufacturer drops to third after Chinese company splits Samsung and Apple for first time in seven years
Huawei overtook Apple to become the world’s second-largest smartphone seller behind Samsung in the second quarter, the first time in seven years that any contender has managed to split the top two.
“The importance of Huawei overtaking Apple this quarter cannot be overstated,” said Canalys analyst Ben Stanton. “It is the first time in seven years that Samsung and Apple have not held the top two positions.”
“The continued growth of Huawei is impressive, to say the least, as is its ability to move into markets where, until recently, the brand was largely unknown,” said Ryan Reith, programme vice president of IDC’s Worldwide Mobile Device Tracker.
Stanton said: “Huawei’s momentum will obviously concern Samsung, but it should also serve as a warning to Apple, which needs to ship volume to support its growing services division.
Huawei said Tuesday that overall it had 15% higher revenue in the first six months of 2018, steady at levels seen a year ago. Revenue rose to 325.7bn yuan (£36.52bn), while operating margin rose to 14%, from 11% a year ago.
Huawei’s consumer division, which houses its smartphones business, accounted for roughly a third of its total revenue last year. It got half its revenue from its mobile phone network.