Huawei still bullish regardless of US blacklist! CEO predicts 30% gain in global handset shipments in 2019

July 23rd, 2019   Penny Snow   news Tags:

Huawei has with no doubt been the most talked-about technology company in recent times. This is thanks to the company’s consistent rise but mainly like a result of the US blacklist what was reported in Could this year. Prior the US clampdown, Huawei was already ahead of Apple in terms of phone shipments and was projected to surpass Samsung in market shares in 2020. Huawei may perhaps not have its view in meeting Samsung’s shipments however founder and CEO, Ren Zhengfei is yet confident the manufacturer will reach impressive sales this year.

Huawei still bullish

In an interview with Yahoo Finance, Ren Zhengfei predicted that the technical giant will ship 30% extra phones globally this year than it did last year, despite of the blacklist. He hinted that he expects both Huawei and Honor to ship an priced 270 million smartphones globally in 2019. Recall that Huawei was able to ship a total of 206 million smartphones globally last year, as claimed by to estimates introduced by IDC. The figure placed Huawei in the third position behind Samsung and Apple.

To achieve this predicted shipping estimates, Huawei will be searching to rely on strong income in China as nicely as in Europe in which Donald Trump’s clampdown hasn’t been effective against Huawei’s phone profits. Recent research by Kantar offered that both the Huawei and Honor brands presently account for 46.1 per cent of the Chinese market in the second quarter. The research firm’s market share figure for Huawei was based on a survey of 27,000 respondents in China in both primary and lesser-built cities.

Huawei had show that it crossed 100 million shipments by the close of Could. That is before the ban went into effect however because then, Huawei still announced year-on-year growth in its major European markets, UK, France, Germany, Italy and Spain, in the April-June quarter. But, overall sales in the 5 countries declined by 1.9 per cent on a quarter-on-quarter basis like the negative publicity by the US starts to have an effect on some consumer’s confidence in the brand.

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