Huawei tops Samsung as world’s No. 1 smartphone company for first time

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

For the first time, China's Huawei has passed Samsung as the world’s No. 1 supplier of smartphones. “If it wasn’t for COVID-19, it wouldn’t have happened,' one analyst says.

For the first time, Huawei Technologies Co. has passed Samsung Electronics as the world’s No. 1 supplier of smartphones, according to new data from research company Canalys.

Huawei shipped 55.8 million devices in the second quarter, Canalys said, down 5% year-over-year, while Samsung shipped 53.7 million, 30% less than the prior year due to disruptions caused by the coronavirus pandemic. The achievement was largely due to Huawei’s domination of the Chinese market, where 70% of its smartphones are sold. Huawei’s China sales rose 8% in the second quarter, though its overseas shipments dropped 27%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The UK's Huawei ban risks crippling its ambitions in technology and science - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. StephenRoyPage The UK falls further into irrelevance from its former glory days as a global colonial imperial empire.
Source: BusinessInsider - 🏆 729. / 51 Read more »