Chinese Huawei beats Apple to become second biggest smartphone seller
Justice Godfrey Okamgba is Businessamlive Reporter.
You can contact him on justice.okamgba@businessamlive.com with stories and commentary.
Chinese smartphone maker, Huawei Technologies, overtook Apple Inc. to become the world’s second-biggest smartphone seller as at Q2 2018, data from market research firms have shown.
Huawei grabbed more than 15 percent of the global smartphone market over April-June, overtaking Apple’s roughly 12 percent and just behind Samsung Electronics Co Ltd’s nearly 20 percent share, according to IHS and Strategy Analytics.
Another data from Canalys, estimates of industrywide smartphone shipments in China topped 100 million in the second quarter from 91 million in the first, showing Huawei grew its share of the home market by 6 percentage points on year to a record 27 percent.
Huawei had gained ground in Europe and expanded its lead back home managing to get ahead of Apple by selling more feature-packed phones, according to analysts.
The estimated rise in market share comes as a slowdown in the world’s biggest smartphone market, China, eased.
“Huawei is shifting to more value-added models, by launching new flagship smartphones with the latest features. Huawei’s P20 Pro is the first flagship smartphone model to be equipped with triple cameras, beating competitors to market,” IHS Markit analyst Gerrit Schneemann said in a note.