HONG KONG – China’s Huawei Technologies Co Ltd, which overtook Apple Inc as the world’s second-largest smartphone vendor in the June quarter, forecast global smartphone shipments exceeding 200 million this year, a recovery after a sharp slowdown last year.
That would represent a 31 percent growth in shipments for 2018. Huawei [HWT.UL] had shipped 153 million smartphones last year, up just 10 percent over 2016. Its shipments had grown by 29 percent in 2016.
Company executives said at a briefing on Friday Huawei shipped more than 95 million smartphones in the first six months, adding it was possible it could become the world’s No.1 player in the fourth quarter of next year.