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Huawei beats Samsung as the world's largest smartphone maker in Q2

Chinese tech giant Huawei has defeated Samsung Electronics, snatching the status as the world's biggest seller of mobile phones in the second quarter of this year. 
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Huawei emerges as the world's largest smartphone maker in Q2

Data from research firm Canalys showed that Huawei shipped 55.8 million devices in the period, higher than the South Korean firm's 53.7 million.

Samsung also booked a bigger decline in sales reaching 30 percent compared to a 5-percent drop of Huawei.

Canalys said that while Huawei saw weaker performance in overseas shipments, which fell 27 percent, it cemented its dominance in China where it now sells more than 70 percent of its phones. 

Huawei spokesperson said that the figures only mirrored the group's "exceptional resilience in these difficult times."

Amidst a period of unprecedented global economic slowdown and challenges, we're continued to grow and further our leadership position, the spokesman said. 

In the first half, Huawei saw its revenues jumped 13.1 percent to 454 billion yuan or USD 64.90 billion versus the 401.3 billion yuan a year prior. 

Net profit margins were also up by 9.2 percent compared to 8.7 percent in the same period in 2019. 

Source: Reuters
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