Huawei is unstoppable despite the US government forcing equipment manufacturers like TSMC to cut ties and the UK ban on its 5G equipment. Amid the chaos, the company’s 5G mobile market in China and global shipments have increased. And according to reports, it has overtaken Samsung.
According to a report In China, a Huawei spokesperson at the company’s cloud internet services summit said today that the company’s 5G smartphone market has reached a whopping 63% as of the first quarter of 2020. An interesting point to Noteworthy here is that the company’s global 5G smartphone shipment also shot up above 40%. As such, it has managed to outperform Samsung in that regard.
Huawei: a slow but promising first half
The company released a financial report for the first semester of 2020 on July 13. The report said revenue of 454 billion yuan was achieved with a 13% year-over-year increase. This extends to a net profit margin of 9.2%.
Revenue also included operating business income of 159.6 billion yuan. While corporate and consumer income were 36.3 and 255.8 trillion yuan respectively. Furthermore, the spokesperson also said that Huawei has shipped more than 15 million smartphones worldwide so far.
South Korea’s SK values estimate that Huawei’s 55 million shipments are slightly ahead of Samsung’s 51 million units between April and June. All this indicates that, despite a slight increase in the first quarter, the company shows no signs of stopping anytime soon.
Huawei’s journey in 2020 has been a rollercoaster ride. The company, after being banned by the United States, had no options due to the chipmaker TSMC’s ban. This really rocked them with no alternatives other than Mediatek.
Huawei’s journey in 2020 has been a rollercoaster ride. The company, after being banned by the US, failed to hit the markets, and the additional ban on chipmaker TSMC really rocked them with no alternatives other than Mediatek.
As a result, the company showed only a 1% increase in revenue compared to 36% in 2019. However, it had a strong market share of 17.8%, second only to reigning champion Samsung. Therefore, despite all this, Huawei is one of the main players in the 5G market in the first quarter of 2020.
It’s time for revenge!
The company, which has now turned to China’s SMIC foundry to make processors, has responded to all the pressure given by the United States. Have patent infringement filed against companies like HP, Verizon and Cisco.
This comes as a result of amendments to the FRAND agreements (fair, reasonable, and non-discriminatory) that have made it easier for Huawei to identify them. As of now, you are demanding a royalty fee for patents. However, reports say this could open up access to companies’ products and technologies through legal proceedings.
That said, while things are starting to look good for Huawei, the path to complete self-reliance is still a long one for the Chinese conglomerate.
