Richard Yu, chief executive of Huawei’s consumer business group has laid down some doom like prophecies for the future of mobile makers, “In the future, only three to four vendors can survive, maybe only less than four,” Yu told reporters following a product launch event held ahead of the Mobile World Congress.

Indicating that anyone who had less than 10% market share are losing money.

“If your market share is less than 10 percent you cannot be profitable. Over at 10 percent, at least, you can break even (and) over 15 percent you can make money,” he said.

Huawei are currently number 3 in the mobile share market after knocking Apple from its second place footing last June, with Apple clawing back to just take out the number 2 position.
Samsung continues to dominate at number 1 but continues to face stiff competition from brands like Oppo, Vivo and Xiamoi.
Huawei’s smartphone business grew by around 30 percent in the last year, and the company hopes it will grow even faster this year, as it unveils a new notebook PC and two android tablets.
Its newest phone the P20 is due to be released next month which will directly compete with Samsung’s New Galaxy and Apple’s I phone X, while the new mate series will be released with 5G capability closer to the end of the year ahead of new 5G consumer networks.

Charis McAwesome, co-founder and manager of hashtagme.co.nz – Charis has worked in digital for over 10yrs specialising in digital management, analytics, digital advertising, social media, digital pathways, and CRM services.

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