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Huawei has reached a milestone, surpassing Apple to become the second largest smartphone seller in the world
The Chinese smartphone maker has sold about 54 million phones in the quarter latest. compared with the same period last year, according to research companies IDC, Canalys and IHS Markit.
That was enough not only to beat Apple ( AAPL ) but also to narrow the gap with the market leader Samsung ( SSNLF ] .Samsung has sold more than 70 million phones in the last quarter, down about 10% over the same period l '; last year.
"Huawei's continued growth is impressive to say the least, as is its ability to penetrate markets where, until recently, the brand was largely unknown," said Ryan Reith, an analyst at IDC.
In relation: Huawei's profits jumped by 28%
Huawei took second place despite being virtually excluded from the world's largest economy.
Chinese manufacturer of equipment for smart phones and telecom has been struggling to to impose on the US, mainly because of official concerns that its technology could be used by the Chinese government to collect intelligence.
Huawei has repeatedly denied that its products pose security risks.
Earlier this year, he failed to conclude his first partnership with a major US carrier, after the talks with AT & T fizzled out at the last minute. Having the support of a wireless service provider is the key to making breakthroughs in the United States.
CNN is part of WarnerMedia, which belongs to AT & T.
"Despite its inability to enter into a partnership with US carriers … the company has returned quickly, s & # 39; moving away from its profitability goal and focusing instead on volume growth at the bottom of the scale " Mo Jia, an analyst with Canalys, said in a statement.
Related: UK security officials warn of Huawei's "new risks"
The sale of millions of cheap phones has worked well for Huawei in the region Asia-Pacific where its sales have more than doubled. the same quarter last year, according to IHS Markit. It has also experienced strong growth in Europe, the Middle East and Africa.
The success of its Smartphone division is explained by the fact that Huawei is facing significant headwinds in its telecommunications sector. After the United States, security officials in the United Kingdom, Australia and Canada have, in recent months, warned of the potential risks to national security associated with the use of the Internet. telecommunication equipment of the Chinese company.
Huawei is one of many companies that embark on capacity development for 5G, the next generation of wireless technology.
If large countries refuse or prohibit the use of Huawei's telecom equipment, this would significantly harm the company's ambition to become a world leader in 5G technology.
CNNMoney (Hong Kong) First published August 1, 2018: 12:58 ET
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