• About
  • Contact
Saturday, June 25, 2022
  • Login
Next Big Brand
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail
No Result
View All Result
Next Big Brand

Huawei Takes Over Samsung As Biggest SmartPhone Seller In World

Pritish raj by Pritish raj
July 30, 2020
in News, Tech
Reading Time: 2 mins read
A A
0
Huawei Smartphone Seller- Next Big Brand

Huawei Smartphone Seller- Next Big Brand

  • China’s Huawei Technologies snatched the title of Samsung Electronics’ largest smartphone seller in the second quarter, highlighting China’s market’s resilience even as global phone demand plunged into the pandemic.

China’s Huawei Technologies snatched the title of Samsung Electronics’ largest smartphone seller in the second quarter, highlighting China’s market’s resilience even as global phone demand plunged into the pandemic.

In the period April-June, Huawei shipped 55,8 million smartphones, trumping Samsung’s 53,7 million, according to data from research firm Canalys.

The Chinese corporation has felt the heat of U.S. sanctions that threatened its overseas operations, but the latest statistics show its growing dominance in its home market.

Huawei now sells nearly two-thirds of its handsets in China, which had suffered an early hit from the coronavirus pandemic but has since regained ground as new cases have dwindled. Dominant smartphone makers in other countries are also struggling as new cases of viruses continue to develop.

Huawei ‘s revenues fell 5 percent from the same period a year ago, while South Korea’s Samsung reported a 30 percent decline due to poor demand in key markets like Brazil, the US, and Europe.

“In these difficult times our business has shown exceptional resilience,” said a Huawei spokesperson.

Domestic revenues rose by 8%, but in the quarter Huawei ‘s overseas shipments dropped by 27%.

Stinting the business as the top seller can prove short-lived until other markets recover, a senior Huawei employee with knowledge of the matter told Reuters.

Samsung said on Thursday it expects to pick up demand from smartphones in the second half of the year.

The United States has effectively blocked Huawei from accessing the services offered by Google, undermining the popularity of the Chinese company’s phones overseas, and limiting its access to chips that are critical to 5 G networking.

In a study on Wednesday, S&P Global Ratings said the new Huawei sanctions could wipe out $25 billion in revenue from many Asian-based companies. Huawei has yet to discuss publicly the effect of such curbs on its operations.

Despite impressive hardware, as they are blocked from using Google services, Huawei phones are now a hard sell to most consumers outside of China. It’s hard to see the company remaining at number 1 spot until the global market for smartphones recovers; Samsung just said it’s anticipating stronger revenue next quarter due to new releases of flagship phones. But the continuing strength of Huawei in China shows that external pressures still do not pose an existential threat to its consumer businesses — at least not at home.

Previous Post

Kodak Moves To Pharmaceuticals After Securing Loan From US Govt.

Next Post

Instagram Is Luring TikTok Creators Away With Monetary Incentive For Reels

Pritish raj

Pritish raj

Pritish Raj is a content writer at Next Big Brand. Hailing from the diversified state of Bihar, he is an engineer by education who chooses the way of poetry, photography, and writing to kick off his career. Highly enthusiastic about brands and startups, he aims to be a travel content creator.

Related Posts

images 9 17
Cryptocurrency

Christiano Ronaldo and Binance Announce NFT Partnership

June 24, 2022
Khaby Lame Tiktoker
Creators

Khaby Lame Becomes World’s Most Popular TikToker

June 24, 2022
Pine Labs Founder
News

Merchant Platform Pine Labs Acquires Fintech Infra Startup Setu for $70-75 Million

June 23, 2022
Ebay KO
Cryptocurrency

eBay Acquires NFT Marketplace KnownOrigin For An Undisclosed Sum

June 23, 2022
Cashify Founders
News

Cashify Raises $90 Million in Series E Round Led By NewQuest & Prosus

June 23, 2022
Uniswap founder
Cryptocurrency

Uniswap Acquires NFT Marketplace Aggregator Genie to Further its Goals

June 22, 2022
Next Post
Instagram luring tiktok creators Reels Testing India- Next Big Brand

Instagram Is Luring TikTok Creators Away With Monetary Incentive For Reels

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

BROWSE BY TOPICS

Acquiring amazon Apple Brands brand story Byjus byjus news byjus the learning app Cryptocurrency Edtech Startups Elon Musk facebook fintech news Flipkart funding google Indian Crypto Startups Indian OTT Platforms Indian Unicorn Indian Unicorns Indian Unicorns of 2021 Netflix NFT NFT Collection NFT India Non Fungible Tokens Ola OYO Paytm Reliance Retail Startup Acquisition Startup IPO startup news india startups in india Swiggy Tiktok TikTok India Twitter Unicorns of 2022 Unicorns of India Unicorn Startups Upgrad WazirX YouTube Zomato
check more news on that pages youtube converter, filme online 2022, filme porno mature, porno amatoriale, nxnxx.org, https://xvideosxnxx.org, https://xoxporn.net

Instagram

Follow Me!

Recent News

  • Christiano Ronaldo and Binance Announce NFT Partnership
  • Khaby Lame Becomes World’s Most Popular TikToker
  • Merchant Platform Pine Labs Acquires Fintech Infra Startup Setu for $70-75 Million

Latest News

images 9 17

Christiano Ronaldo and Binance Announce NFT Partnership

June 24, 2022
Khaby Lame Tiktoker

Khaby Lame Becomes World’s Most Popular TikToker

June 24, 2022
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail

© 2019 NBB. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.