Huawei CEO Ren Zhengfei predicts 30 per cent gain in global handset shipments in 2019 despite US trade blacklist

Huawei Technologies founder and chief executive Ren Zhengfei said he expects the Chinese telecom giant to ship 30 per cent more handsets globally this year despite being blacklisted by the US from doing business with American suppliers.
The Shenzhen-based company’s two smartphone brands, Huawei and Honor, will ship an estimated 270 million handsets globally in 2019, Ren said in an interview with Yahoo Finance published recently. Huawei confirmed the contents of the interview, without elaborating.
The company shipped a total of 206 million handsets globally last year, trailing South Korean technology giant Samsung Electronics and Cupertino, California-based Apple Inc., according to data from IDC, a provider of smartphone industry research.
Ren’s prediction comes as a separate researcher estimated Huawei’s two phone brands now account for 46.1 per cent of the Chinese market in the second quarter, according to figures from Kantar, which said its market share figure was based on a survey of 27,000 respondents in China in both major and lesser-developed cities.

With Huawei executives saying in early June they were preparing for a 40 million to 60 million drop in international smartphone shipments this year, according to a Bloomberg report, any gain in overall shipments would have to be made up by a surge in domestic sales.
The Shenzhen-based firm has targeted a significant increase in its share of China’s smartphone and telecoms network equipment markets to help offset potential losses overseas because of that US action, the Post reported in late June, citing people familiar with the matter.

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Post time: Jul-24-2019
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