Chinese Huawei beats Apple to become second biggest smartphone seller

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.

READ ALSO  CBN unveils guidelines for N300b real sector fund

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.

The post Chinese Huawei beats Apple to become second biggest smartphone seller appeared first on Businessamlive.

READ ALSO  NDIC Releases Deposit Insurance Guidelines On Mobile Payment

Source:: Businessamlive

Leave a Reply