Things are not going well for the China’s Huawei Technologies Co Ltd, as the company 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. With the recent events clearly these dream to number one smartphone maker have been shuttered.
“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.
The company has today revealed that it currently sells 500,000 to 600,000 smartphones a day, according to Shao’s speech at the CES Asia technology show in Shanghai.
The Smartphone maker sell out 600k phone a day
These comments come after the United States banned Huawei last month and cannot do 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.
According to Reuters, 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.
New reports indicate that that Huawei has filed the “HongMeng” trademark applications in almost every possible intellectual property organizations around the globe. Huawei has already registered Hongmeng trademark at China’s Trademark Office of national intellectual property administration, that was approved on May 14, 2019.
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.
