Huawei News: Becomes 2nd Biggest Smartphone After Overtaking Apple and Samsung. Huawei is a Chinese Multinational telecommunications equipment and consumer electronics manufacturer.
The company was founded in 1987 by Ren Zhengfei, a former People’s Liberation Army, headquartered in Shenzhen, Guangdong, China.
With its services and various products catering to more than 170 countries around the globe Huawei has served around forty-five of the fifty largest telecom operators. This makes Huawei the leading provider of 5G in the world.
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Huawei News: Becomes 2nd Biggest Smartphone After Overtaking Apple
Huawei has faced difficulties in some markets, due to cyber security allegations primarily from the United States government that Huawei’s infrastructure equipment contains backdoors that may enable surveillance by the Chinese government. December 2018, Huawei’s vice President and CFO Meng Wanzhou was arrested in Canada on 1 December 2018, at the request of the United States, which accuses her of violating US sanctions against Iran.
In January of 2019 formal charges such as theft of trade secrets, fraud and obstruction of justice was filed against the company by the U.S. Department of Justice.
Due to its many high end line-up of smartphones Huawei has been over the years catching up on the giants such as Apple and Samsung. Mainly in its home market of China it has been gaining on the leaders.
After the sales of iPhone not doing good even during the holiday period the iPhone makers projected quarterly sales which was more than what the analysts’ had estimated.
As the Huawei Technologies Co. had earlier vowed on replacing Samsung from the top stop it did manage to overtook Apple Inc. and are now in the second spot in the range of smartphones in the first quarter.
Samsung is current enjoying a rise in its sales due to its launch of their new flagship model the S10.
Huawei News – People Voices:
“The overall smartphone market continues to be challenged in almost all areas, yet Huawei was able to grow shipments by 50 percent,” said Ryan Reith, program vice president with IDC’s Worldwide Mobile Device Trackers.
Though the company being an employee owned, Huawei want to stir away from the allegations that are going around that the company is under the control of the government.
What “employee-owned” means in practice at Huawei, however, is quite complex—so much so that according to the Chinese media company Caixin, “even longtime employees admit the [employee shareholding] system is nearly impossible to understand.”