November 23, 2020

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Huawei Tops Samsung for First Time in Global Smartphone Shipments in Q2 2020: Canalys

Huawei Technologies overtook Samsung Electronics in world wide smartphone shipments in the second quarter right after Chinese customer spending bounced again from a COVID-19 trough, according to Canalys.
China’s most significant tech enterprise shipped 55.eight million gadgets from April to June, down 5 p.c from a yr before. But Samsung’s volume slid a sharper 30 p.c to 53.7 million, the analysis agency approximated.

It was also the very first quarter in 9 years that a brand other than Apple or Samsung has led the world wide marketplace, according to Canalys.

“This is a outstanding final result that several folks would have predicted a yr ago,” Canalys Senior Analyst Ben Stanton stated. “If it was not for COVID-19, it would not have took place. Huawei has taken whole gain of the Chinese financial restoration to reignite its smartphone business.”

But it may possibly be challenging for Huawei to keep that direct given uncertainty about US sanctions.

Huawei’s abroad shipments fell 27 p.c in 2Q, but its Chinese volumes rose eight p.c.

China’s most significant tech corporation is grappling with US sanctions that threaten to undercut its smartphone, semiconductor and networking gear organizations. It really is relying on its dominant situation in its have residence marketplace to sustain advancement.

© 2020 Bloomberg LP