Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.

BREAKING NEWS

BREAKING NEWS

Huawei executive says goal to be world's top phone maker some time off

Huawei executive says goal to be world's top phone maker some time off
FILE PHOTO: Workers sit a the Huawei stand at the Mobile Expo in Bangkok, Thailand May 31, 2019. REUTERS/Jorge Silva -
Copyright
JORGE SILVA(Reuters)
Text size Aa Aa

By Josh Horwitz and Yilei Sun

SHANGHAI (Reuters) – China’s Huawei Technologies Co Ltd will need more time to become the world’s largest smartphone maker, a goal it originally aimed to achieve in the fourth quarter of this year, a senior executive said on Tuesday.

“We would have become the largest in the fourth quarter (of this year) but now we feel that this process may take longer,” said Shao Yang, chief strategy officer of Huawei Consumer Business Group, without elaborating on reasons.

Huawei currently sells 500,000 to 600,000 smartphones a day, he said in a speech at the CES Asia technology show in Shanghai.

The comments come after the United States put Huawei on a blacklist last month that barred it from doing business with U.S. companies on security grounds without government approval, prompting some global tech companies to cut ties with the world’s largest telecommunication equipment maker.

The company in January said it could become the world’s biggest-selling smartphone vendor this year even without the U.S. market. It was the second-biggest vendor in the first quarter, behind South Korea’s Samsung Electronics Co Ltd, according to research and advisory firm Gartner.

Analysts estimate the recent U.S. sanctions could push Huawei’s smartphone shipments down as much as a quarter this year and cause its handsets to disappear from overseas markets.

(Reporting by Josh Horwitz and Yilei Sun; Writing by Brenda Goh; Editing by Christopher Cushing)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.