Smartphone industry set to consolidate
 

Competition is too brutal warns Huawei

The smartphone industry is set to consolidate as crucial players surrender to the market leaders, warned a Huawei bigwig.

Richard Yu, chief executive of Huawei’s consumer business group, told the assorted throngs at Mobile World conference in Barcelona that anyone at this stage in the decade-old industry’s history that had less than 10 percent market share was losing money. That means that at 10.2 percent market share Huawei must be making a bit. But that means a lot of the rest are toast.

“In the future, only three to four vendors can survive, maybe only less than four,” Yu told reporters following a product launch event held ahead of the Mobile World Congress.
https://fudzilla.com/news/mobile/456...to-consolidate