CEO of Huawei’s consumer business Richard Yu has said that Huawei expects to displace Samsung () as the world’s top smartphone seller by the end of 2020. The Chinese company brought in $52 billion in sales and took second place from Apple selling over 200 million smartphones.
The company sold more than 100 million smart devices, including tablets and wearables and their sales soared by 40%.Huawei smartphones are hugely popular in China, Japan, Malaysia and Thailand and is among the top brands in countries such as the UAE, South Africa and Mexico and its sales in Europe have been growing.
The US government is seeking the extradition of Meng Wanzhou, Huawei’s chief financial officer and daughter of the company’s founder, from Canada. She was arrested in Vancouver last month at the request of the US government, which alleges that she helped Huawei dodge US sanctions on Iran.
Meng and Huawei have denied any wrongdoing.
New Zealand and Australia have restricted the use of the company’s products in their 5G networks, and mobile providers in several countries have either blocked or are considering blocking it as well.
Huawei has repeatedly denied accusations that it works on behalf of the Chinese government, or that its equipment is a security risk.