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Huawei executive says goal to be world's top phone maker some time off

Published 06/10/2019, 11:13 PM
Updated 06/10/2019, 11:13 PM
© Reuters. FILE PHOTO: A Huawei logo is seen outside the fence at its headquarters in Shenzhen

© Reuters. FILE PHOTO: A Huawei logo is seen outside the fence at its headquarters in Shenzhen

By Josh Horwitz and Yilei Sun

SHANGHAI (Reuters) - China's Huawei Technologies Co Ltd will need more time to become the world's largest smartphone maker, a goal it originally aimed to achieve in the fourth quarter of this year, a senior executive said on Tuesday.

"We would have become the largest in the fourth quarter (of this year) but now we feel that this process may take longer," said Shao Yang, chief strategy officer of Huawei Consumer Business Group, without elaborating on reasons.

Huawei currently sells 500,000 to 600,000 smartphones a day, he said in a speech at the CES Asia technology show in Shanghai.

The comments come after the United States put Huawei on a blacklist last month that barred it from doing business with U.S. companies on security grounds without government approval, prompting some global tech companies to cut ties with the world's largest telecommunication equipment maker.

The company in January said it could become the world's biggest-selling smartphone vendor this year even without the U.S. market. It was the second-biggest vendor in the first quarter, behind South Korea's Samsung Electronics (KS:005930) Co Ltd, according to research and advisory firm Gartner.

© Reuters. FILE PHOTO: A Huawei logo is seen outside the fence at its headquarters in Shenzhen

Analysts estimate the recent U.S. sanctions could push Huawei's smartphone shipments down as much as a quarter this year and cause its handsets to disappear from overseas markets.

Latest comments

China right now is on course to win in high tech. US can slow them down a little, but it won't be long for the force of nature to push them ahead again. With 1.4B consumers, it is just a matther of time when they will raise ahead. No one can stop them because they have everything going for them.
in the construction of thatched huts
Nation states bullying private companies is a game many can play. Time for China to blacklist FAANG stocks, tariff the ********out of red state industries, wait out the embarrassment in chief, and only negotiate trade deal with next president in 2020.
You’re asking China to shoot itself in the foot
The Chinesedo not use any of the FANG Co’s so no impact
niche of goods for the poor is open
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