Huawei Technologies Co has become the first Chinese handset vendor to ship more than 100 million smartphones annually, defying a market slowdown to challenge leaders such as Samsung Electronics Co and Apple Inc.
The Shenzhen-based company said on Wednesday its smartphone shipments rose 44 percent annually to 108 million in 2015, thanks to strong sales in China and Western Europe as it seeks to shed its budget supplier image to target higher-margin premium models.
Hauwei's upbeat performance comes at a time when industry leaders are facing a tough year ahead. Samsung said it expected a difficult business environment in 2016 due to weak global economy and heightened competition, while a Nikkei report said Apple was expected to cut production of its latest iPhone models by about 30 percent in the January-March quarter due to mounting inventories.
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The Shenzhen-based company said on Wednesday its smartphone shipments rose 44 percent annually to 108 million in 2015, thanks to strong sales in China and Western Europe as it seeks to shed its budget supplier image to target higher-margin premium models.
Hauwei's upbeat performance comes at a time when industry leaders are facing a tough year ahead. Samsung said it expected a difficult business environment in 2016 due to weak global economy and heightened competition, while a Nikkei report said Apple was expected to cut production of its latest iPhone models by about 30 percent in the January-March quarter due to mounting inventories.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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