China’s Huawei Technologies Co Ltd will require more time to develop into the world’s largest smartphone manufacturer, a target that it initially planned to reach from the fourth quarter of the calendar year, a senior executive said on Tuesday.
“We’d have become the biggest in the fourth quarter (of the year) but we believe this procedure might take more,” said Shao Yang, chief strategy officer of Huawei Consumer Business Group, without elaborating on reasons.
Huawei now a days sells 500,000 to 600,000 smartphones, ” he explained in a speech in the CES Asia technology series in Shanghai.
This comment said after:- the United States put Huawei on a blacklist last month that barred it from doing business with U.S. firms on safety reasons without government consent, prompting some worldwide technology businesses to cut ties with all the world’s biggest telecommunication equipment manufacturer.
The organization in January stated it might develop into the planet’s biggest-selling smartphone seller this year despite the U.S. marketplace. It had been the second-biggest seller from the first quarter, behind South Korea’s Samsung Electronics Co Ltd, based on study and advisory firm Gartner.
Analysts estimate that the new U.S. sanctions could push Huawei smartphone prices down up to a quarter annually and induce its handsets to evaporate from international markets.