Huawei Declares Ambition to Be No.1 After Dethroning Apple
- The Chinese company now plans to ramp up its retail presence
- Huawei however remains all but shut out of the U.S. market
This article is for subscribers only.
Huawei Technologies Co., which just edged past Apple Inc. to become the world’s second-largest smartphone maker, wants to be top of the heap before the end of 2019.
The Chinese giant shipped more than 95 million phones in the first six months, up about 30 percent from a year earlier. Consumer division chief Richard Yu on Friday said he wants Huawei to be No. 1 in smartphones by the fourth quarter of next year, with a market share of more than 20 percent -- despite acknowledging its virtual absence in a pivotal U.S. market.