Yu Chengdong: Apple's Samsung has reached the summit

Yu Chengdong, chairman of Huawei's terminal company, said on Monday that he had communicated with a European multinational telecom operator executives and they delivered a common message: "In the mobile phone industry, only Apple and Samsung have had a good life, but they have reached the peak, while others Companies are in the process of decline or extinction."

Yu Chengdong stated on Weibo that “Huawei is the only one with rapid growth in revenue, profit, and market share. It is generally believed that there may be only three mobile phone companies in the world that can survive. Huawei should be one of them.” He also revealed that the trip to Europe was a big achievement. Huawei Ascend P1 and P1 LTE and G300 mobile phones were all very popular in Europe. In particular, after the P1 retail price adjustment fell to 299 euros, sales increased rapidly.

According to previous reports, Huawei will release heavyweight products at the CES and MWC to be held early next year. And immediately listed after release. Yu Chengdong also disclosed that Huawei’s new products will exceed Apple’s and Samsung’s flagships in terms of hardware configuration and experience.

Market research company IDC recently released a report saying that in the third quarter of this year, the global mobile phone market grew by 2.4% year-on-year, with shipments reaching 444.5 million units. Among them, Samsung smartphones shipped about 56.3 million units, with a market share of over 31%. Apple iPhone shipped about 26.9 million units, with a market share of 15% and less than half of Samsung. Earlier reports showed that Apple and Samsung both accounted for more than 95% of the profits of the global smart phone market.