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Huawei to open 15,000 retail stores worldwide

Huawei P8 Android smartphone, Huawei plans to open 15,000 retail stores
Huawei P8
Planning to sell a record 140 million smartphones this year, Huawei is getting ready for world domination and expects to open an impressive number of stores all around the world.

Huawei has big plans, and they are not even shy about it. This tech giant managed to sell 108 million handsets last year, and they are planning to close 2016 with an increase of 30 percent. "We are optimistic and confident about reaching our target shipment of 140 million smartphones this year," said Huawei's chief executive of its consumer business group, Richard Yu Chengdong earlier this week.

Right now, Huawei has an impressive retail network - more than 35,000 stores worldwide, with 11,000 in China, 6,500 in the rest of Asia, 6,200 in Europe, and 1,500 in South America. These numbers alone make Huawei a big name in the industry. Apple, for example, is only present in 17 countries, with a total of less than 500 retail locations.

The most interesting part about Huawei is that while its global market share is around 11.5 percent, the company's share in the premium market has recorded a big jump between March and May - 15.2 percent to 25.7 percent - mainly thanks to the Huawei P9 flagship.


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Codrut Nistor, 2016-07-29 (Update: 2016-07-30)