Dec 7, 2018
Huawei: The rapid growth of a Chinese champion in five charts
Despite increasing controversy around whether using Huawei telecoms equipment poses a security risk, the block on its business deals in some countries, and most recently, the arrest in Canada of one of its executives, the company itself has continued on its steady path of global growth. Most noticeably for consumers, Huawei has swept into the market for consumer electronics, in particular with smartphones. Expanding sales of smartphones comes despite political hostility towards the brand in some parts of the world, especially the US. There, no carriers support Huawei, so while consumers can buy a Huawei phone, they aren't widely marketed. In all parts of the world, even in the Americas, the market for Huawei products has grown over the past three years. Huawei is holding its own in one of the largest parts of its business, the sale of mobile telecommunications infrastructure equipment, such as that needed to support the roll-out of faster 5G networks.
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