Richard Yu: Huawei could have become world's largest phone maker

Huawei Consumer Business CEO Richard Yu said in a media interview today that if there was no trade war, Huawei would be the world's number one mobile phone manufacturer.

Huawei released the P40 series of smartphones in China yesterday.

Richard Yu said that Huawei was a novice 8 or 9 years ago in the consumer business field, but has now achieved good results.

Huawei released its 2019 financial report. In 2019, Huawei's consumer business revenue was 467.304 billion yuan, a year-on-year increase of 34.0%.

In 2019, Huawei (including Honor) smartphone shipments exceeded 240 million units, an increase of more than 16% year-on-year, of which 5G handset shipments exceeded 6.9 million units.

At the Huawei P40 series press conference, Richard Yu stated that Huawei ’s consumer business has achieved a 200-fold increase in revenue over the past 8 years.

"If it were not a trade war, we would be the world's number one mobile phone manufacturer. Even so, we are also the number two mobile phone manufacturer in the world." Richard Yu said, "Now due to sanctions and epidemics, our mobile phone sales  Impact, but we did not decline in the first quarter, and still slightly increased. "

According to reports from market research institutions IDC and Strategy Analytics, Huawei's smartphone market share reached 17.6% in 2019, ranking the top two globally.

Yu also said that Huawei’s consumer business is expected to grow this year, especially in China, where it is expected to grow by at least 20% and even more by 30%.

Yu is very confident in the growth of Huawei's mobile phone sales in the Chinese market, and he believes that there will be at least 20% growth.

But for overseas, he believes that it must be down, especially that overseas markets cannot carry GMS.

"But Huawei's HMS ecosystem is now experiencing a good experience and selling well. The P40 series are all equipped with HMS and are already being shopped. Due to the epidemic, some stores cannot be opened, but the second half will be better." Yu said.

Therefore, Yu is confident that Huawei's consumer business will continue to grow in 2020.

At the same time, Yu also reminded that at present, the US may impose sanctions on Huawei in the fab. If these extreme conditions occur, it is difficult to say.

"If there is no further harsh sanctions, we should maintain good growth." Yu mentioned.