According to leading analyst firms such as IDC, IHS Markit, and Counterpoint Huawei overtook Apple again in the third quarter of 2018 and remains the world’s second largest smartphone vendor for two consecutive quarters.
While its market share was down slightly from last quarter’s 15.9%, Huawei still shipped 52 million handsets and grabbed 14.6% global market share.
From a product perspective, its P-series and Mate-series are keeping it as competitive as ever. And Honor, which focuses on young consumers through online channels, has continued to sell well in many markets.
IDC says smartphone vendors shipped 355.2 million units in Q3, down by 6.0% YoY, leading to a fourth-quarter loss. This casts doubt on the smartphone market.
China represents roughly one third of smartphone of the global market share. It has, however, experienced decline since Q2 2017, and Q3 2018 is the sixth quarter where the Chinese smartphone market has seen contraction.
However, Huawei is gaining momentum due to growth in its local and global shipments.
Top 5 Smartphone Companies by Worldwide Shipments, Market Share, and YoY Growth, Q2 2018 (shipment: million)
Company 3Q18 3Q18 3Q17 3Q17 3Q18/3Q17
Shipment Market Shipment Market Change
Volume Share Volume Share
Samsung 72.2 20.3% 83.3 22.1% -13.4%
Huawei 52.0 14.6% 39.1 10.4% 32.9%
Apple 46.9 13.2% 46.7 12.4% 0.5
Xiaomi 34.3 9.7% 28.3 7.5% 21.2%
OPPO 29.9 8.4% 30.6 8.1% -2.1%
Others 119.9 33.8% 149.8 39.6% -19.9%
Total 355.2 100.0% 377.8 100.0% -6.0%
Source: IDC Quarterly Mobile Phone Tracker, November 1, 2018
Huawei’s success can be attributed to its persistent efforts in R&D and customer experience.
Richard Yu once said, “Huawei CBG starts from and ends with end users”. To satisfy and delight customers has always been the “one thing” Huawei-ers do every day. But there is no shortcut to good customer experience.
The only way forward is to deliver better products and services, and show customers how much Huawei cares about them, and how closely Huawei listens to their voices. This is one example of what “customer-centricity” means to the company.
Thanks to these efforts, now Huawei is a brand the world loves. More people are switching to (and even sticking to) Huawei smartphones.
Everything Huawei does is about improving customer experience.
Innovation never stops at Huawei. Innovation for inspiring customer experience – that is Huawei’s secret ingredient to market success.
HUAWEI Y9 2019 features a stylish look with a sleek silhouette and refined aesthetics. Its unique glossy appearance is timeless and youthful, and its latest technology trends offer users state of the art gaming, audio-visual and entertainment experiences.
The Huawei Y9 2019 will be available in three color options — Midnight Black, Sapphire Blue and Aurora Purple and is expected to be launched in Ghana around 8thNovember 2018.
Facebook Profit Slumps On Set-aside For Big US Fine.
Facebook on Wednesday reported quarterly profit sank 51 percent from a year earlier due to setting aside $3 billion for an anticipated fine from US regulators.
The leading social network logged a profit of $2.4 billion on revenue that climbed 26 percent to $15.1 billion in the first three months of this year.
The number of monthly active users of Facebook at the end of March was 2.38 billion, up eight percent from a year ago.
Facebook estimated that it will be hit with a fine of from $3 billion to $5 billion by the US Federal Trade Commission for "user data practices" and factored that into its earnings report.
"The matter remains unresolved, and there can be no assurance as to the timing or the terms of any final outcome," the California-based company said in the release.
Facebook quarterly profit would have topped Wall Street forecasts if not for the money put aside for the expected FTC fine.
"We had a good quarter and our business and community continue to grow," said Facebook chief executive and co-founder Mark Zuckerberg.
"We are focused on building out our privacy-focused vision for the future of social networking, and working collaboratively to address important issues around the internet."
The latest results showed "solid performance in revenue and user growth," said analyst Debra Aho Williamson of the research firm eMarketer.
Williamson said advertisers are staying with Facebook despite controversies that have beleaguered the social networking giant.
"While marketers may say privately that they do worry about Facebook's problems with fake news, election meddling, privacy and more, they worry more about their own financial health, and Facebook is still a major partner in that regard," Williamson said.
She advised advertisers to view the FTC fine revelation as a significant development that could bring about changes effecting the way they can use the social network for marketing.
Facebook shares rallied nearly six percent in after-hours trade following the results.
Tesla’s $700M Q1 Net Loss Much Larger Than Expected.
Tesla posted a surprisingly large $702.1 million net loss in the first quarter as sales of its electric cars slumped and demand appeared to be waning.
The company lost $4.10 per share from January through March, when deliveries fell 31 percent from the fourth quarter. Tesla had warned it would lose money after turning two straight quarterly profits last year for the first time in its 15-year history.
Excluding one-time items and stock-based compensation, the company lost $2.90 per share, worse than Wall Street estimates. Analysts polled by FactSet expected a loss of $1.15 per share. Revenue rose almost 40 percent over a year ago to $3.5 billion. But it still fell short of analyst estimates of $5.42 billion.
CEO Elon Musk last year predicted quarterly profits in the future. But Tesla had trouble cutting the cost of its Model 3 mass-market electric vehicle.
The company said it ended the quarter with $2.2 billion in cash, $1.5 billion less than the end of last year. Tesla attributed the cash decline to a $920 million bond payment and an increase in the number of vehicles in transit to customers at the end of the quarter, postponing that revenue.
Tesla has lost more than $6 billion since setting out to revolutionize the auto industry 15 years ago, but CEO Elon Musk foresees a profitable future fueled in part by a ride-hailing service made up of electric cars driven by robots.
The mind-blowing concept is something Musk first outlined in a master plan three years ago, but now he believes Tesla's technology is capable to turning his dream into reality. And that terrifies some critics who worry Musk's plan to transport passengers in self-driving Teslas without a human to take control in emergencies will maim and kill people.
But if Musk can deliver on a promise that he made Monday to deploy self-driving vehicles and start the ride service next year, the business model might just work. And that could help Tesla finally put its long history of losses in its rear-view mirror.
Such a service "could conceivably boost demand for Tesla vehicles by highlighting some of the (autonomous vehicle) value unlock propositions," Citi analyst Itay Michaeli wrote Tuesday in a note to investors.
Another problem for Tesla is fading sales of its higher-priced models S and X as the vehicles age. Tuesday night, the company announced updates to both, including a new drive system that increases the range by 10% per electric charge. Long-range versions of the S will be able to go 370 miles per charge while the X can go 325, the company said. The vehicles also will get new adaptive suspensions, faster acceleration and more comfortable rides, Tesla said.
Crisis-hit Nissan Issues Fresh Profit Warning.
Nissan issued a profit warning on Wednesday, deepening the woes of the Japanese car giant as it seeks to recover from the shock of former boss Carlos Ghosn's arrest.
The firm downgraded its projection for net profit in the fiscal year to March 2019 from 410 billion yen ($3.7 billion) to 319 billion yen, the second cut in its forecast in recent months.
Nissan appeared to acknowledge the recent difficulties surrounding the Ghosn affair, which has cast questions over the company's own corporate governance.
It cited as a reason for the downgrade "the adverse operating environment facing the company during the fourth quarter, and the impact of recent corporate issues on sales."
The profit warning came as ex-chairman Ghosn awaits his fate after prosecutors hit him with a fourth set of charges over alleged financial misconduct.
Authorities suspect he syphoned off around $5 million for his personal use from money transferred from Nissan to a dealership in Oman.
Ghosn denies that charge and also insists he is innocent of all allegations against him.
In February, Nissan already slashed its full-year forecast, as it revealed that nine-month net profit had dropped 45 percent -- a decline the firm blamed on rising raw material costs and foreign exchange difficulties.
It was forced to downgrade its net profit forecast for the fiscal year to March to 410 billion yen, compared to 500 billion yen earlier.
The results came as Nissan and its partners Renault and Mitsubishi Motors are seeking to turn the page on Ghosn's arrest for financial misconduct, which has exposed a rift in the three-way tie-up.
Twitter Triples Profits, Global User Base Rises.
Twitter said Tuesday its profits tripled in the past quarter even as it ramped up efforts to root out abuse and misconduct on its short messaging platform.
Profits in the first quarter hit $191 million, compared with $61 million a year earlier, while revenues increased 18 percent to $787 million.
Twitter's global user base appeared to show modest growth even as the company transitions to a different way of measuring it.
The longstanding metric of monthly active users was 330 million in the January-March period, an increase of nine million from the past quarter but down slightly from a year ago.
But Twitter no longer will use that measure, switching instead to "monetizable" daily active users -- 134 million in the past quarter, up from 120 million last year.
Chief executive Jack Dorsey said Twitter is benefiting from its moves to root out abusive and inauthentic content that had hurt Twitter's reputation.
"We are taking a more proactive approach to reducing abuse and its effects on Twitter," said Dorsey.
"We are reducing the burden on victims and, where possible, taking action before abuse is reported."
He added that Twitter aims to become "more conversational" and has launched a prototype for a new app called "twttr," with the goal of "making conversation on Twitter feel faster, more fluid and more fun."
‘Avengers’ Star Chris Hemsworth May Have Misspelled His Last Name At Handprint Ceremony
Netflix Spared As Academy Keeps Oscars Rule Unchanged.
Facebook Profit Slumps On Set-aside For Big US Fine.
Highly Spiritual Music Allstars – Wild ft. Kuami Eugene (Official Video)
GBTV: This YouTube “Spotlight Story” Documentary On Burna Boy’s Rise To Success Is A Must Watch
President Nana Addo Agrees To Host DKB At Jubilee House To Discuss Ghcomedy.
Music2 days ago
Detailed Breakdown Of Keche’s $500K 2-year Contract With GELL.
Audio2 days ago
New Music: Stonebwoy ft. Beenie Man – Shuga (Prod. By Street Beatz)
EVENT REVIEWS2 days ago
Okyeame Kwame Makes History With ‘Made in Ghana’ Album Launch
Comedy4 days ago
Photos: Comedian Waris And Other Comedians Thrill Fans At The Easter Comedy Show.