Huawei replaces Apple for second place in latest quarter results

Following the second quarter results, it has been confirmed that Shenzhen-based Huawei has taken over Apple’s second place position in global smartphone shipments, Bloomberg reports.

The Chinese company sees its standing rise and is now only bettered by Samsung after the firm announced sales of 54.2mn phones during the quarter.

According to market researcher IDC, the result shows a 41% increase in sales on last year and means Huawei move ahead of Apple for the first time.

Ben Stanton, a senior analyst at Canalys, said: “The importance of Huawei overtaking Apple this quarter cannot be overstated.”

“It is the first time in seven years that Samsung and Apple have not held the top two positions.”

See more:

Huawei’s sales accounted for 16% of the market beating the 12% Apple showed and only behind Samsung who boasted 21%.

It is thought that the firm’s success has been aided by its intent on expanding into Europe and Africa but is yet to achieve success in the vast U.S. market.

On a global scale, the smartphone market has seen a decline with shipments falling 1.8% during the quarter to 342mn units.

The smartphone industry showed its first decline in years following the 0.3% decrease in the number of products sold in 2017, as reported by the IDC.

Share

Featured Articles

Twitter timeline – how Musk pulled off a hostile takeover

Elon Musk strikes deal to buy Twitter for US$44bn following four months of cryptic tweets, secret meetings and buying of shares – here’s the timeline

Top 10 Asia restaurants, from Tokyo’s Den to Bangkok’s Sorn

From Tokyo to Bangkok, with cuisines spanning Cantonese, Thai and German, we highlight Asia’s top 10 places to eat, as per Asia’s 50 Best Restaurants

Microsoft: what Asia leaders need to know about hybrid work

Microsoft’s 2022 Work Trend Index guides Asia leaders to navigating a hybrid future – from making the office worth the commute to rebuilding social capital

Meet the company: EV Nio to list in Hong Kong, enter Europe

Leadership & Strategy

12 Tech trends to watch closely in 2022, from CB Insights

Technology

Why Deloitte Australia’s HR technology is winning awards

Human Capital