CHINA’S HUAWEI SPEEDILY ASCENDS TO TAKE ON APPLE AND SAMSUNG
At the annual Mobile World Congress in Barcelona, Huawei introduced the world’s fastest smartphone. Most Americans have never heard of Huawei. Huawei is no small fry; it is a large Chinese company. Its principal business is networking and telecommunications equipment. It has overtaken Ericsson to become the largest telecommunications equipment manufacturer in the world. It is also aggressively competing with Cisco in networking equipment. It employees 140,000 people and operates in 140 countries. Huawei is new to smartphones but has made great strides. In smartphones, Huawei’s bread and butter has been providing white-label products to service providers. According to the research firm IDC, in the