Huawei's goal is to be one of the top three global smartphone manufacturers

Huawei's goal is to be one of the top three global smartphone manufacturers
Chinese handset manufacturer Huawei couldn't produce handsets cheaply enough to be a white-box vendor in China. In 2011 the company changed its focus from being an ODM, designing and manufacturer phones for others, to producing handsets with its own name on them. Last year, 90% of the phones it shipped were branded with the Huawei name. The company has even become known for currently producing the Android smartphone with the largest screen, the 6.1 inch Huawei Ascend Mate. Able to eat its own home cooking under the hood with the quad-core K3V2 processor, Huawei has access to its own chips which goes a long way in the industry.

The company had revenues of $7.5 billion USD in 2012 and that is expected to rise to $9 billion USD in revenue for this year. According to Huawei Consumer Business Group CEO Richard Yu, Huawei is aiming toward becoming a first tier smartphone vendor. In 3 to 5 years, Huawei sees revenue reaching $20 billion to $30 billion USD with operating profits in the range of $3 billion to 4 billion USD. The company's ultimate goal is to be one of the top three smartphone producers worldwide. During last year's fourth quarter, Huawei achieved its goal by having the third largest market share in the global market, according to IDC. But that is only one quarter and momentum needs to continue for Huawei's dream to come true.

Last month, we told you that the Chinese manufacturer has plans to overtake Apple and Samsung for the top spot in smartphone manufacturing. But now it seems that CEO Yu is being more realistic, at least for now. Being a company from China in the hi-tech business, rumors of the company being used as a conduit for spying has occured, and that type of sentiment explains why Huawei might never get past Apple or Samsung. But a third place finish should allow the company to give itself a long pat on the back.

source: tech.163.com (translated) via DigiTimes

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9 Comments

1. clevername

Posts: 1436; Member since: Jul 11, 2008

Wow. Who's third? LG? I wouldn't think its Nokia if they don't manufacture Symbian devices anymore.

5. pyradark

Posts: 895; Member since: Jun 10, 2012

Sony is 3rd for smartphone last year

2. XperiaPrince

Posts: 108; Member since: Dec 25, 2012

I hope sony would catch up to be on the top 3 global phone manufacturer.GO SONY

6. pyradark

Posts: 895; Member since: Jun 10, 2012

Sony will be third these year!! S4 & Z are the most talk phone since it launch, even in asia, XZ is one of everyone's waiting for. with the help of SP & L, it will sureball hit like S,P & U last year!!

3. lovenyc8

Posts: 164; Member since: Mar 13, 2013

HTC or Sony should be in the top 3. Huawei would never be in the top 3 because its an unknow company and there phones are garbage.

4. HDShatter

Posts: 1021; Member since: Jan 17, 2013

Top 3 (Sales based) Its Samsung, Apple and Huawei at the moment. They already are #3 right now why does this article exist. Apple is expected to be kicked out of there soon than HTC or Sony will take #3. Lets be honest here though, the iphone shouldn't even be considered a smartphone anymore.

7. iluvsmartphonexpdx

Posts: 48; Member since: Mar 26, 2013

All the top ten manufacturers flagship http://imageshack.us/photo/my-images/825/22735148.jpg/

8. xperiaDROID

Posts: 5629; Member since: Mar 08, 2013

Good luck Huawei! :)

9. OttoTriebe

Posts: 1; Member since: Jul 26, 2013

Huawei is dishonest. They signed a contract with my company for installation of 600 sites in Sao Paulo, Brasil. Then they asked a discont of 3% for all these 600 sites. So we start installing the sites with the a.m. discount. Suddenly they stopped to purchase new installations when the quantity of sites reached 50! And never returned the discounts. Be very carefully when working for Huawei, Sometimes is better not work for them at all.

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