Yesterday Huawei published its annual financial report for 2018, revealing just over 107 billion dollars in revenue for the year, with around 8.8 billion of that being profit. Europe, the Middle East, and Africa provided a further 33% of the sales-only slightly less than for Samsung Electronics, the current, declining market leader.
iPhone sales dropped no less than 23.1% in the first quarter of 2019, according to data provided by Canalys, and this is the biggest single-quarter decline the device ever recorded in its history. Huawei has disclosed its goal of overtaking Samsung by the end of next year.
The results come amid the company's attempt to build up its services business, which include the App Store and Apple Music.
Apple this week also anticipated quarterly sales, which topped analysts' estimates, suggesting demand for iPhones has steadied after a disappointing holiday period.
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It's not just the usual realities of a best-of-seven playoff series that are in play here, although those are significant enough. One thing the playoffs reveal, in a league that takes the regular season less and less seriously, is your true upper capacity.
While Samsung retained the top position with 21 per cent market share (from 22 in Q1 2018), Apple's share declined to 12 per cent in Q1 2019 from 14 per cent in the same quarter past year, the research showed. Apple and Samsung rely heavily on the USA where smartphone purchases are falling thanks to an nearly completely saturated market. -China trade relations. But it is unclear whether Apple will be able to make a turnaround as Chinese companies are poised to strike back. Global consumers are delivering a quiet vote of no-confidence in Donald Trump's U.S. The country where Apple's iPhone was born may soon find itself in the freaky position of shunning the global industry leader-a type of spiteful self-harm hardly befitting the global tech superpower.
"The global smartphone market showed no sign of recovery in Q1 2019".
The smartphone market as a whole is becoming saturated and overall sales are slumping - marking the sixth consecutive year of decline for global smartphone sales.
Two independent reports from market research firms Counterpoint Research and IDC validated each other's findings of Huawei's impressive growth in the first quarter of 2019. Vivo's shipments in the previous quarter were 15 million units, down 2% year-on-year, with a market share of 17.1%. The total sales volume hit 310.8 million units.
For years, Chinese smartphone makers such as Huawei and Xiaomi and OnePlus have been creeping up on Samsung and Apple, but now it appears they could become a real threat soon. That translated into $2.46 per share, down 10% from a year ago, but above the $2.36 per share forecast among analysts surveyed by FactSet. Huawei continues to dominate, capturing 34% of China's smartphone market.