Huawei Set To Dominate Smartphone Industry in 2019, Unveils New 5G Tech

Huawei Set To Dominate Smartphone Industry in 2019, Unveils New 5G Tech

Huawei Set To Dominate Smartphone Industry in 2019, Unveils New 5G Tech

Huawei has outpaced Apple for two straight quarters to be the second-largest smartphone vendor in the world, and is nipping at the heels of leader Samsung with a year-on-year growth of 33 per cent in market share, according to research firm IDC. "Powered by the Balong 5000, the Huawei 5G CPE Pro enables consumers to access networks more freely and enjoy an incredibly fast connected experience", said Yu. Huawei fired the man, who has denied wrongdoing.

Yu's comments refer to the arrest of Huawei's global CFO Meng Wanzhou last month in Vancouver.

Vodafone's Chief Executive Nick Read said on Friday that the Huawei debate was playing out at a "too simplistic level", adding that it was an important player in an equipment market dominated by three companies.

Last month, Huawei said its total revenue increased to 109 billion US dollars with 21 percent year-on-year growth, surpassing 100 billion USA dollars for the first time.

"Even without the USA market we will be number one in the world", Mr. Yu said, referencing the fact that Huawei sold roughly 208m smartphones previous year.

"I believe at the earliest this year, and next year at the latest", Mr. Yu continued.

Worldwide smartphone shipments likely fell 3 percent last year, returning to low single-digit growth this year and through 2022, when 5G mobile network technology is likely to give the industry a boost, forecasts from consultancy IDC showed. He said its Balong 5000 chipset, a rival to Qualcomm Inc's Snapdragon X50, is the world's most powerful 5G modem and can be used in vehicles.

Huawei's foray into the world of foldable phones was confirmed back in October, but it had been rumoured for a while.

Chinese telecom gear maker Huawei said that it is focused on supporting Vodafone's 5G network roll outs, of which the core is a small proportion.

Huawei also introduced a 5G base station chipset, dubbed Tiangang.

"Huawei approaches the telecoms industry in a systematic way, meaning it develops all areas within the ICT environment, from silicon chips, to devices, to network infrastructure, to cloud", said Mr Tarun Pathak, associate director at market research firm Counterpoint Technology.

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