In the Future, Only Three or Four Smartphone Makers Will Survive: Huawei CEO at MWC 2022

Talking on the sidelines of the Mobile World Congress 2018 in Barcelona, Yu Chengdong, the CEO of Huawei'south Consumer Applied science business, painted a grim movie for smartphone consumers of the futurity.

According to Chinese news portal MyDrivers, Yu claimed that only "three or iv" smartphone vendors will survive in the long run. The CEO reportedly told the Chinese media that the smartphone industry is "bound to face a consolidation due to the huge investment needed to remain competitive". Yu's belief comes from the fact that companies with less than 10 pct share are already losing money in the market. He believes that as things stand at present, vendors demand to at least take a 10 percentage market place share to pause even.

Huawei is currently the world'due south third-largest smartphone vendor globally later Samsung and Apple tree, merely aims to become number two within the next couple of years. The company too harbors ambitions of condign the manufacture leader at some stage, fifty-fifty though it continues to struggle to sell its products in the US, given the deep distrust of the Chinese authorities (and Chinese companies) inside the rank and file of the United states of america polity, intelligence and law enforcement.

Huawei is already the world's largest telecom equipment manufacturer, and has worked its fashion up to become China's largest smartphone vendor, replacing Xiaomi a couple of years ago. The company was once rumored to unveil its flagship P20 smartphone at the MWC in Barcelona, but as it turned out, the visitor simply announced the MateBook X Pro laptop and three new MediaPad M5 Android tablets at the effect. Those waiting with aside breath for the P20 launch, nevertheless, need non despair, as the company has confirmed that it will launch the device in Paris on March 27.