© Reuters. FILE PHOTO: A Huawei logo can be seen outside the fence at the Shenzhen headquarters.
By Josh Horwitz and Yilei Sun
SHANGHAI (Reuters) – China's Huawei Technologies Co Ltd will need more time to become the world's largest smartphone maker. A goal that was originally to be achieved in the fourth quarter of this year, a senior executive said on Tuesday.
"We would have become the largest in the fourth quarter (this year), but now we believe that this process may take longer," said Shao Yang, chief strategy officer of Huawei's Consumer Business Group, without elaborating on the reasons.
Huawei currently sells 500,000 to 600,000 smartphones per day, he said in a speech at the CES Asia Technology Show in Shanghai.
] The comments came after the US blacklisted Huawei last month, which banned him from doing business with US companies for security reasons without the government's approval.
The company announced in January that even without the US market, it could become the world's best-selling smartphone provider this year. According to the research and consulting firm Gartner, it was the second largest supplier in the first quarter after the South Korean Samsung Electronics (KS 🙂 Co Ltd.
Analysts estimate that recent US sanctions could cut Huawei's smartphone shipments many times over a quarter this year, causing its mobile phones to disappear from overseas markets.
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