Chinese tech giant Huawei Technologies overtook South Korea based Samsung Electronics (005930) in the second quarter becoming the largest seller of mobile phones in the second quarter of the year.
Citing data compiled by a research company known as Canalys, Huawei shipped 55.8 million phones in the second quarter while it arch competitor Samsung shipped 53.7 million phones in the quarter.
Nonetheless, sales of Huawei declined by 5% in the quarter, however those of Samsung even declined further in the quarter by a significant 30%. The research firm attributes this decline to disruptions caused by the pandemic especially in the United States and Europe.
“Our business has demonstrated exceptional resilience in these difficult times. Amidst a period of unprecedented global economic slowdown and challenges, we’re continued to grow and further our leadership position,” said Huawei’s spokesperson.
Huawei’s overseas shipment declined by 27% in the quarter compared to what the company posted in a similar quarter last year. On a positive note, the company increased its dominance in the Chinese market in which it now sells 70% of its phones.