Huawei wants to be the world’s top smartphone maker by selling to these customers

Huawei wants to be the world’s top smartphone maker by selling to these customers

Chinese tech firm Huawei has clawed its way to the top in China and now it wants to clobber Apple and Samsung globally by selling to richer customers.

"We're more focused on developed countries, instead of developing countries," Richard Yu, CEO of Huawei's consumer business group, told CNBC. That's because they're more likely to have a better economy and stronger consumer spending power, he said.

"Everybody knows that profit is on high tier, low tier no profit, and the middle tier very few margin ... to be honest, we have no interest in the low end," Yu said, adding that "Huawei is a company good at technology, innovation ... we believe we can bring more value to the high-end users" who care about better design and user experience.
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