July 30, 2020 | Investopaper
Chinese smartphone maker Huawei has set a new world record for smartphone sales in the second quarter of this year. According to Canalys, which monitors smartphone sales, Huawei has set a new record for the first time, overtaking Samsung.
Huawei, which is facing US sanctions, has shipped 55.8 million smartphones. Samsung exported 53.7 million smartphones in the same period. Overseas sales of Huawei’s mobile sets have declined due to US sanctions, but demand for Huawei’s sets at home is strong. More than 70 percent of Huawei’s sets are sold in China, according to Canalys.
Huawei’s smartphone exports fell nearly a third in the second quarter. Mo Xia, an analyst at Canalys, warned that the Chinese market alone could not sustain Huawei as the world’s leading smartphone maker.
Disputes have also escalated between the United States and China over Huawei’s dominance in telecommunications networking equipment production. United States has warned that Huawei could pose a global cyber security challenge. It has recently banned Huawei from the US market and is waging a global campaign to exclude the company.