Huawei could become the number one smartphone player in the world by 2020

Huawei’s CEO Richard Yu believes Huawei will overtake Samsung next year, Business Insider reported.

Yu said the Shenzhen, China-based company will be the largest mobile phone manufacturer in the world and noted that its main competitors “remain Samsung and Apple because they can deliver innovation.” Yu said that Huawei plans to launch the Mate X foldable 5G-enabled phone soon and said that people want “more and more, bigger and bigger” displayed phones.

Huawei celebrating the launch of Huawei P30 series with a spectacular LED light show on Burj Khalifa [Video]

“This [phone] will initially be significantly more expensive than our most expensive devices to date. Nevertheless, the demand for it is huge. Also, because the price is so high,” Yu said.

“There are still many customers looking for affordable smartphones with very good features. The P30 we’ve introduced is for the mass market, the Mate X only for a few top customers,” he said.

Yu added that the company sold over 200 million smartphones in 2018, that gave them a rise of 30 percent in shipments compared to 2017.