Huawei dislodges Apple from smartphone perchBusiness | 1 Aug 2018 3:21 pm
China's Huawei Technologies overtook Apple Inc to become the world's second-biggest smartphone seller in the June quarter, data from market research firms showed, as it gained ground in Europe and expanded its lead back home, Reuters reports.
"Huawei is shifting to more value-added models, by launching new flagship smartphones with the latest features. Huawei's P20 Pro is the first flagship smartphone model to be equipped with triple cameras, beating competitors to market," IHS Markit analyst Gerrit Schneemann said in a note.
Huawei on Tuesday said overall it had raked in 15 percent higher revenue in the first six months of 2018, steady at levels seen a year ago.
According to IHS and Strategy Analytics, Huawei grabbed more than 15 percent of the global smartphone market over April-June,
overtaking Apple's roughly 12 percent and just behind Samsung Electronics Co's nearly 20 percent share.
Data from Canalys, which estimates industrywide smartphone shipments in China topped 100 million in the second quarter from
91 million in the first, shows Huawei grew its share of the home market by 6 percentage points on year to a record 27 percent.