Huawei overtakes Apple
Business

Huawei overtakes Apple

Agency News

The Chinese behemoth Huawei Technologies have overtaken Apple Inc. to claim the No. 2 spot in smartphones segment in the first quarter, moving a step closer to its avowed ambition of displacing Samsung at the top.

The network  giant, shrugging off a barrage of accusations that it aids Chinese espionage (which it has  repeatedly denied), grew shipments 50 per cent from a year earlier, IDC estimates. It was the only one in the top 4 that managed to expand volumes as the overall market slid for the sixth consecutive quarter.

Huawei’s been steadily gaining on the other two  with an increasingly high-end line-up of devices, particularly in its home market of China. The iPhone maker this week projected quarterly sales that topped analysts’ estimates, suggesting demand for iPhones has stabilized after a disappointing lull. Samsung also enjoyed a spike compared with the fourth quarter thanks to the launch of the marquee S10 range in February. It reckons Huawei should cling to the No. 2 spot over the rest of 2019.

'The overall smartphone market continues to be challenged in almost all areas, yet Huawei was able to grow by 50 percent,' said an expert.

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