Market Insight

Huawei concludes 2016 with significant smartphone growth and lays the foundation for a strong 2017

January 05, 2017  | Subscribers Only

Chee Seng Tan Chee Seng Tan Analyst, Semiconductor Value Chain

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Huawei continued to grow its smartphone business at a significant rate in 2016 despite facing increased competition in the slowing market. With financial gains, Huawei has been stepping up R&D and marketing spending to extend the reach of its enhanced smartphone portfolios to more consumers, strategically positioning itself for another strong year in 2017. Building on this momentum, Huawei will not only reinforce its top position in China but also become a major player in Europe and eventually make strong inroads into the lucrative US market.

 

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