financetom
Business
financetom
/
Business
/
Huawei eyes 10% premium smartphone share in India
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Huawei eyes 10% premium smartphone share in India
Mar 27, 2019 9:24 AM

Chinese telecommunications giant Huawei is aiming to make a serious dent into the growing premium smartphone market in India with its newly-launched P30 and P30 Pro devices.

Share Market Live

NSE

The company, which is betting big on the roll-out of the 5G network in India and is set to start trials with partner telcos in the country soon, is also looking at capturing a bigger share in the Indian smartphone market, a top company executive told IANS here.

According to Richard Yu, CEO, Huawei Consumer Business Group, with their new P series smartphones, they are looking to capture 10 per cent of the premium smartphone market in India by the end of this year.

The company is aiming to replace market leader Samsung and other premium segment players like Apple and Google with its feature-rich P30 and P30 Pro.

The company has been facing a somewhat tepid response for its P20 phones, launched last year in India, and with the much-improved camera and videography features, Huawei feels they now have a winner in the P30 series.

"We are so low in the premium smartphone market in India. Last year, we invested to make our phones better and with the new P series, we are confident to have 10 per cent share in the Indian premium smartphone market," Yu said.

The P30 and P30 Pro phones are priced in the range of Euro 799 to Euro 1,249 for the European market. These would be priced relatively cheaper in India when launched by the middle of next month.

Keeping the price-sensitive Indian market, the new P series may also be manufactured in India later.

"Manufacturing will depend on volumes. Once we have that, our Indian facility will start rolling out the new phones," Yu said, adding that they would also look at the development of local features and app for their phones in India as and when the opportunity arrives.

He, however, evaded a question on whether they were also working on a new operating system (OS) for their phones.

Yu also refused to give Indian pricing for its phones but said that it would be similar to what they did with the P20 series last year.

P20 phones sold 60 million units globally last year, while in India, the fastest growing smartphone market, it touched 20 million units. The global numbers for Huawei stood at 206 million units in 2018.

Yu said that with the new launches, the numbers would grow 25-30 per cent in 2019.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Update: Market Chatter: Microsoft-Backed OpenAI Preparing to Launch AI-Powered Browser to Compete With Google
Update: Market Chatter: Microsoft-Backed OpenAI Preparing to Launch AI-Powered Browser to Compete With Google
Jul 10, 2025
07:03 AM EDT, 07/10/2025 (MT Newswires) -- (Updates with Microsoft's ( MSFT ) response in the fifth paragraph.) Microsoft ( MSFT )-backed (MSFT) OpenAI is preparing to launch an artificial intelligence-powered web browser that could directly compete with Alphabet's (GOOG, GOOGL) Google Chrome, Reuters reported Wednesday, citing three people familiar with the matter. The browser, set to be released in...
Delta Air Lines Q2 Adusted Earnings Fall, Revenue Rises; 2025 EPS Guidance Restored -- Shares up Pre-Bell
Delta Air Lines Q2 Adusted Earnings Fall, Revenue Rises; 2025 EPS Guidance Restored -- Shares up Pre-Bell
Jul 10, 2025
07:02 AM EDT, 07/10/2025 (MT Newswires) -- Delta Air Lines ( DAL ) reported Q2 adjusted earnings Thursday of $2.10 per diluted share, down from $2.36 a year earlier. Analysts polled by FactSet expected $2.06. Adjusted operating revenue for the quarter ended June 30 was $15.51 billion, up from $15.41 billion a year earlier. Analysts surveyed by FactSet expected $15.46...
Pfizer, Astellas Say Xtandi Shows Favourable Overall Survival in Prostate Cancer Study
Pfizer, Astellas Say Xtandi Shows Favourable Overall Survival in Prostate Cancer Study
Jul 10, 2025
07:02 AM EDT, 07/10/2025 (MT Newswires) -- Pfizer ( PFE ) and Astellas Pharma said Thursday that their phase 3 study of Xtandi plus leuprolide met a key secondary endpoint, showing a statistically significant and clinically meaningful improvement in overall survival in men with a type of prostate cancer. The drugmakers said that Xtandi monotherapy showed a favorable trend toward...
Copyright 2023-2026 - www.financetom.com All Rights Reserved