Chinese technology giants Huawei have now surpassed Apple to become the world’s second largest smartphone maker.
The group announced its revenue has grown by 15% to 325.7bn yuan ($47.8bn) for the first half of 2018, with 14% growth in its operating margin for the period.
However, Samsung maintained its lead, selling 71.9 million smartphones for a 20% share of the market. Huawei sold 54.2 million phones in the quarter, up 41%, for a 15% share of the market. Apple sold 41.3 million iPhones, up 1%, for a 12% market share.
In a statement, Huawei explained: “Ultimately, the shared goal is to help carriers future-proof their businesses by enabling all-cloud networks, connecting more people and things, and building out network infrastructure.
“By building open ICT platforms, OpenLabs, and platforms for global marketing, training, and services, Huawei is attracting more and more partners, enabling joint innovation, and building an ecosystem around joint customer services.”
Analysts have attributed Huawei’s success to new features it added to its smartphones, such as three cameras on its P20 Pro device.
It’s a significant milestone for the Chinese firm which has enjoyed considerable success in its homeland over the past few years.