Huawei to Ship 270 Million Smartphones this Year, Expecting 30% Gain

Automotive Press Releases Wednesday July 24, 2019 10:55
กรุงเทพฯ--24 ก.ค.--Francom Asia

Huawei Technologies founder and chief executive Ren Zhengfei expects the Shenzhen-based firm to ship 270 million handsets globally this year despite being on the US Entity List, effectively banning it from doing business with American suppliers.

According to his recently-published interview with Yahoo Finance, Mr Ren Zhengfei said that the company's two smartphone brands, Huawei and Honor, will record an increase of 30% from its total shipments of 206 million last year. His prediction is based on figures from Kantar Worldpanel ComTech's survey conducted in China. In addition, the survey showed that Huawei's two phone brands now account for 46.1% of the Chinese market share in the second quarter, confirming its leading position in the domestic market.

"We expect the total shipment of smartphones to reach 270 million units," Mr. Ren said. "If U.S. companies were to stop supplying us altogether, our production would not stop for a single day in the future. Rather, we would ramp up production. There's no lethal risk that threatens Huawei's survival at all," he insisted, despite restrictions led by the US.

Over the past 30 years, Huawei has put continuous effort to build a better world driven by digital technology for everyone. The company has heavily invested in research and development to make technological breakthroughs and provide its end-to-end portfolio of products, solutions and services.

Latest Press Release

Deltas EV Charging Solutions Support the Launch of Indias First Pure Electric Internet SUV MG ZS EV

Delta Electronics India Pvt. Ltd, a leading Power and Energy management company, today announced that its Electric Vehicle (EV) charging solutions will support MG (Morris Garages) Motor's end-to-end electric vehicle ecosystem for India's first pure...

Carsome Raises US$50 Million Series C Funding In Equity Debt From Strategic Global Investors and Banks to Expand Leadership in Southeast Asia

Carsome, Southeast Asia's leading used car trading platform, today announced it had completed the equity closing for the U$50 million Series C. The current financing round welcomed new investors including MUFG Innovation Partners (MUIP), corporate...

IMPACT Speed Park celebrates 3 years of success, revealing over 75 million baht in revenue with tourist patronage growth of 20%

"IMPACT Speed Park", a world class go kart facility managed by IMPACT Exhibition Management Company Limited, has generated a revenue of over 75 million baht over the past three years of operations and saw an increase of 20% in tourist visitors compared...

All-new Honda City Takes a Giant Leap with Over 2,000 Bookings One Week After Launch, Draws Crowds and Drives to Number One with Bookings for Honda at the 36th Thailand International Motor Expo 2019

Honda Automobile (Thailand) Co., Ltd. today announced that the all-new Honda City Generation 5, which has received an overwhelming response with many mentions in the media and positive customer feedback, is a tremendous success with over 2,000 bookings...

Photo Release: CAR4SURE Joins Used Cars Event by GPS24hr. Engine Warranty Offering Full Promotions for End of this Year

Mr. Wisut Hemapanpairo (4th from right), President of Association of Used Car; visited the CAR4SURE booth – used cars website and a car buy's best friend at the "Used Cars Event by GPS24hr. Engine Warranty". The event was attended by Mr. Natthawut...

Related Topics