Amidst the ongoing US trade restrictions on Huawei, the company’s smartphone business remains relatively undeterred due to their strong domestic demand spurred by patriotic buying among the Chinese consumers.
According to a new report by market researcher Strategy Analytics, Huawei is estimated to ship 251 million smartphones in 2019. This amounts to an impressive 17.7% global smartphone market share, up from just 14.4% last year.
Samsung on the other hand, is expected to retain it’s top position this year with a total of 323 million smartphones which would expand it’s market share from 20.3% last year to 21.3% this year.
Although Samsung continues to reign the smartphone market with it’s growing smartphone shipments, but the company could not afford to be complacent. The shipment gap between Samsung and Huawei is expected to shrink from 5.9 percentage points to a mere 3.6 percentage points this year.
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If both companies were to maintain their current pace of growth level, it’s just a matter of time before Huawei becomes the top smartphone maker in the world.
Initially, many believed that the US trade restrictions would deal a huge blow to Huawei’s smartphone business as it will impede the company’s ability to source for parts and components from US supply chains.
Huawei however, has managed to sourced for alternative suppliers outside of US within a tight period of time. In fact, the newly announced Huawei Mate 30 no longer carries any US-made components at all.
Source: The Korea Herald
Featured Image: Huawei Press Center
