Huwaei wants to take over Samsung and Apple in phone production.

China’s Huawei wants to overtake Samsung and Apple in smartphone production within the next 5 years to become the largest smartphone producer in the world.
According to a senior executive director, it will take a while but the company sure does have the patience.


“We want to be the number-one smartphone maker in the world. It’s a long distance race, and we have the patience,” said Huawei director Richard Yu.

Mr Richard’s claim on behalf of Huawei is coming when even the current largest phone makers have either been experiencing little sales or a decline in the number of smartphones they produce.
According to a research from Gartner Inc. last year, Samsung sales remained almost flat and Apple’s sales declined 14% while Huawei’s market share rose to 8.3% behind Samsung and Apple.
The director attributed the company’s growth to its focus on high-end products. “Our growth is mainly coming from the high-end, premium segment,” Mr. Yu said. “If you want to be the leading vendor you have to lead in the high-end.” Mr Richard said
Huawei is reported to have invested billions of dollars in research and development so as to become a better competitor. $9.2 billion was spend on R&D, higher than Apple’s $8.1 but lower than Samsung’s $12.5.