According to Huawei Technologies executive director Richard Yu, in 2020 the Chinese company could surpass Samsung and Apple at the top of global smartphone sales charts
Huawei’s growth seems unstoppable and now, according to executive director Richard Yu, Huawei Technologies in 2020 will become the world’s largest manufacturer of telecommunications equipment.
Yu, who is also CEO of Huawei Consumer Business Group, told Yicai Global that currently one in three phones sold in China is a Huawei or its sub-brand Honor. This figure could rise to one in two if Huawei’s growth does not stop.
Huawei has delivered 206 million phones worldwide in 2018
Huawei currently ranks third among the global fonemakers, behind Samsung and Apple. Yu said: “But this has never been our plan. Market share is not the goal we pursue.”
Yu has also outlined a corporate-wide revenue target of between $ 250 and $ 300 billion for 2023, and wants to see at least $ 150 billion from the consumer division, a goal that Yu believes is difficult.
Huawei’s turnover has approached USD53 billion and the consumer sector has assumed the carrier division as the main source of income
Yu, known in Chinese as Yu Chengdong, also confirmed that Huawei is willing to sell its fifth-generation network semiconductors – the first time he explicitly said.
Although this news was denied by the rotating CEO of Huawei Technologies, Xu Zhijun, or Eric Xu, who told Huawei Global Analyst Summit 2018 that the company had no intention of selling its Kirin chips.
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