Apple, Asus, Fujitsu, HTC, Huawei, Motorola, Nokia, Panasonic, RIM, Samsung, Sony… those are just a few of the manufacturers currently rocking the crowded smartphone market.
But if the predictions of Huawei Devices Chairman, Richard Yu, are on the money, we might see just three to four manufacturers turning a profit in future.
In a video interview with Mobile Live, Yu notes that 95% of all profits in the mobile industry are going to just two companies: best chums Apple and Samsung. “The whole industry is consolidating,” suggests Yu.
Huawei has been quite outspoken about its intent to become one the major players. Last year it shipped an impressive 20 million handsets, up from 5 million in 2010.
However, this year the Chinese manufacturer is aiming for a whopping 60 million, and it hopes to become a $100 billion-a-year company within the next 10 years.
At Mobile World Congress, Huawei introduced us to the Ascend D1 Quad – the ‘world’s fastest smartphone’. It adopts Huawei’s own quad-core chip. Huawei has also laid claim to the ‘world’s thinnest smartphone’ with the Ascend P1 S. Not a bad start in its bid for global domination.