Huawei’s Cheap Deals Pressure Samsung in Smartphone Arena
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Huawei Technologies Co., a Chinese company with little name recognition in the U.S., is poised to challenge Samsung Electronics Co. and eventually even Apple Inc. in the $219.1 billion market for smartphones. Its strategy: inexpensive handsets.
Already China’s largest telephone-network equipment maker, closely held Huawei probably leapfrogged Nokia Oyj and Research In Motion Ltd. in the second quarter to become the world’s third-biggest seller of smartphones, said Horace Dediu, founder of equity-research firm Asymco.