Huawei accrued a 70% growth last year in sales. It is now beating the likes of HTC and Sony when it comes to market share. The telecoms company is now third behind global giants Apple and Samsung in terms of global smartphones sales. It is clear that Huawei is establishing itself as a serious player in the global telecoms industry, its strategy centralized around selling cheaper and affordable products.
Huawei is a perfect example of a modern commercial mindset emerging from Chinese industries. MyBroadband reports that Huawei increased its global share of the smartphone market from 6.8% in 2014 to 9% in 2015- a massive 50% gain compared to Apple’s 27% growth.