Huawei CEO Says Company Will Overtake Samsung By 2020

Huawei has long had a stated goal of overtaking Samsung and Apple to become the world’s largest smartphone vendor. The company has seen incredible growth in the market over the past few years which is particularly impressive given the fact that its smartphones have effectively been banned from the United States. Huawei CEO Richard Yu now predicts that the company will be able to overtake Samsung to clinch the top spot by 2020.

Yu predicts that Huawei is on track to beat Samsung in terms of units shipped across the globe in one year by 2020. He did point out that Samsung and Apple remain the company’s top competitors as they have the ability to “deliver innovation.”

He also touched on some of the new devices that Huawei has unveiled recently. That includes the much talked about Huawei Mate X foldable smartphone. Yu said that the price for the Mate X will eventually come down as foldable smartphones become more accessible to the public.

It was to be expected that the first-generation of foldable smartphones will be priced a bit higher than what the average customer would be willing to pay. As such, the device has been geared towards customers who have the interest and the purchasing power for a device that costs well over $2,000.

Adnan Farooqui
Categories: Cellphones
Tags: Huawei, Samsung