Huawei, the known consumer electronics maker, is also one of the largest telecommunications equipment provider in the world. Now, its market share in the industry has grown even further, widening the gap between the Chinese tech giant and Nokia.
For those unaware, Nokia is also a known telecom equipment maker, with various countries with anti Chinese sentiments opting for Nokia’s equipment. According to a new The Elec report, Huawei’s market share in the first half of 2020 reached 31 percent, which is a rise from 28 percent from back in 2019. Nokia arrives second with a market share of just 14 percent during the same period, dropping from 16 percent last year.
Furthermore, Huawei had first surpassed Nokia back in 2015 and has since been widening the gap between itself and the Finnish vendor. Ericsson, a Swedish brand, came in at 14 percent market share in 2020, which has remained unchanged since 2019. Another Chinese brand that rounds up the group is ZTE, with a market share of 11 percent, rising from just 9 percent year on year.