Huawei market share in China to hitten 50% in 2020

September 3rd, 2019   Penny Snow   news Tags:

Ming-Chi Kuo, an analyst at TF International Securities, predicts in a fresh research report that Huawei could anticipate to ship out 230 million products in 2019, a bit lower than their previous estimates of 260 million. Ming-Chi Kuo also expects Huawei’s mobile phone shipments in 2020 to be same to 2019 overall after it comes to number, however the interesting part ships instantly after that.

Huawei market share in China to hit 50% in 2020

The analyst goes on to predict in the report that Huawei’s market share in the Chinese market will increase from 35-40% in 2019 to 45-50% in 2020. This essentially means he expects Huawei to be in control of half of the Chinese market, and that this could just be sufficient to somewhat offset the declining international profits of the company.

Ming-Chi Kuo goes on to say that Huawei is coming to adopt two strategies in 2020 to reduce the potential recession risk in the international market. First of all, he expects Huawei to deliver a larger push towards promoting older gadgets overseas. According to him, the older gadgets are presently Google certified, so they’ll retain Google applications and Android updates.

The second strategy is attempting to control a larger share of the Chinese market. Like we’ve already pointed out, Ming-Chi Kuo believes Huawei obtaining a larger market share will keep Huawei safe from declining sales internationally, though these are tall market share numbers if we’ve ever seen them. I’d say it’s optimistic, but we can’t say it’s impossible.

Outside of this, he moreover predicts that Huawei will ship 100 million 5G phones in 2020, and that they’ll beat their competitors in that segment of the market. The newest report launched by IDC displays that in the second quarter of 2019, Huawei shipped 36.3 million units in the Chinese market, with a market share of 37%, a year-on-year increase of 27%. It is Furthermore the only mobile phone company among TOP5 manufacturers like of instantly currently.

Source

0/5 (0 Reviews)

If you like this blog post, you are free to share it. Description:

Comments are closed.