In addition, Huawei is planning to release virtual reality headsets this year, heralding close competition with Samsung and Apple in the futuristic VR arena, into which the top two players are pouring huge investment.
Xiaomi launched its Mi5 smartphone on Wednesday, using its first ever European launch event to take on Samsung and Apple handsets and build up its brand beyond its current markets. He believes that despite an overall saturation in the world's smartphone market, Huawei is constantly increasing its market share which is one of its core strengths as it aims to reach the ultimate heights.
"Tim Cook spoke up for that (privacy) ... for us it is really very important", Yu said. The firm shipped 108 million smartphones in 2015, compared to Apple's 231.5 million and Sammy's 317.2 million.
A Huawei chief executive has revealed that the company hopes to see sales growing by over 30% every year making it possible to overtake Apple Inc. The company ensured a market presence in the U.S.by working together with Google and manufacturing the Google's Nexus 6P smartphone. For the full year, sales of wearables sales were up 171.6 percent at 78.1 million devices.
Apple sold 225.9 million iPhones last year, achieving a market share of nearly 16 per cent, whereas Huawei's smartphone sales approached 104 million units, up 53 per cent year over year.
Apart from Huawei's bold business vision, a noteworthy point in Korea is that consumers' prejudice against Chinese products is rapidly waning.
Even though Fitbit sales grew more than 50 percent, its leadership is under assault from other vendors, notably Apple and Chinese maker Xiaomi.
Five years ago we are top 10, now we are top three.
The global market for connected wearable devices accelerated at the end of 2015, with Fitbit pacing the leaders and Apple closing ground, a survey showed yesterday. (NASDAQ:AAPL) in the tech giant's latest standoff with the USA government over phone unlocking and customer privacy, according to Bloomberg on Monday.
Ringing Bells' server crashed, Freedom 251 bookings to resume after 24 hrsHow to buy Freedom 251 Phone: Freedom 251 was officially launched in New Delhi on Wednesday by Noida-based firm Ringing Bells. The pre-booking for the Rs 251 smartphone, that started today but soon came to a haul, will resume within 24 hours.
Source: Chinese phones go global after pushing aside Apple, Samsung
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