Huawei Overtakes Apple and Gains Ground in China

Chinese smartphone manufacturer Huawei Technologies overtook Apple, Inc. (NASDAQ: AAPL) and is now the second-biggest smartphone seller in the June quarter as it gained ground in Europe and expanded its lead back home.

During the three months ending in June, Apple’s iPhone put in a solid showing selling 41.3 million units to contribute USD 29.9 Billion to a record-breaking USD 53.3 Billion in quarterly revenue. However the efforts was topped by Huawei selling 54.2 million units in the second quarter of 2018.

On Tuesday, Huawei said it had a 15% higher revenue in the first six months of 2018, steady at levels seen a year ago.

According to Strategy Analytics, Huawei took more than 15% of the global smartphone market over April-June, surpassing Apple’s roughly 12% and just behind Samsung Electronics Co Ltd’s 20% share.

Data from Canalys showed shipments in China topped 100 million in the second from 91 million in the first and it displays how Huawei grew its share by 6.0% on year to a record 27%.

These numbers are impressive given that Huawei is nearly banned in the U.S., which forced it to focus on other markets.

According to Reuters, Apple regained some growth in China in the June quarter, where sales rose 19%. Sales in China had dramatically fallen in 2016 after Chinese consumers shunned the iPhone 7 for its overall appearance differing from its predecessor.

Huawei said all its businesses did well in the first six months of the year. Revenue rose to CNY 325.7 billion, while operating margin rose to 14%, from 11% a year ago.

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