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.
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.
She’s also most likely to call bullshit and get Hashtag in the shit.