Huawei hasn't had the best 2018 in terms of its U.S. ventures.
After 7 years of Apple-Samsung dominance, Huawei has managed to break the link by launching attractive, premium segment smartphones and capturing the mid-tier segment with its fast-growing Honor sub-brand, Tarun Pathak, Associate Director at Counterpoint Research, said in the report. The top three brands, Apple, Samsung, and OnePlus, held 95% of the Indian premium smartphone segment in Q1 2018.
"The importance of Huawei overtaking Apple this quarter can not be overstated", said Canalys analyst Ben Stanton. While it enjoys lucrative smartphone sales and increasing brand recognition in the European and Asian market, the Chinese company is still struggling to establish a foothold in the US.
China and the United States are embroiled in a trade dispute with both nations imposing tariffs on billions of dollars worth of goods and fighting over technology and patents. It shipped a record 71.6 million smartphones during June quarter.
Samsung, the biggest smartphone maker globally but nearly a bit player in China, on Tuesday, posted its slowest quarterly profit growth in more than a year as its Galaxy S9 lost ground to rivals. Currently, LG is able to produce screens with bendy 2.5R curvature radius, but next year its research advancements are planning 1R curvature which will be on Samsung's level.
It's a significant milestone for the Chinese firm which has enjoyed considerable success in its homeland over the past few years but has since sales increase dramatically over the past 12 months.
Huawei did not provide a detailed performance breakdown in its statement on Tuesday.
Huawei grew massively, and while 54.2 million shipments this quarter is still behind Samsung's numbers, the year-over-year change difference is an astonishing 40 percent. The Chinese companies have been at the forefront of outing unique handsets with sliding cameras or in-display finger scanners this year, so we wouldn't put it past them to surprise a juggernaut like Samsung. It got half its revenue from its carrier business.