What is Driving Huaweiâ€™s Business in Latin America?
Published By : 23 Apr 2015 | Published By : QYRESEARCH
With ongoing and rising innovation and research activities, Huawei, a China based telecom company operating in Latin America is growing rapidly as a leading supplier of hardware in the region. This company has been operating in Latin America for almost 16 years now and has branches in seven nations all across the globe.
Huawei is one of the leading providers of telecommunications equipment and technology. Apart from that, the company is also engaged in manufacturing consumer electronics on a large scale. According to a senior official at Huawei, there exists immense potential in the electronics industry of Latin America, which is why this region is of utmost importance for the china based company.
The Latin America market is a very strategic one for Huawei since the ongoing trends in demand seem rather lucrative and can prove to be gainful in the forthcoming years. In 2014, the total number of smartphones that were sold in the country was almost 110 million. This indicated a percentage rise of almost 60% as against the sales figures in 2013. In terms of consumption, there is a shift of focus of the consumers from the conventional mobile phones to the ones that are equipped with the 3G and also the 4G technology.
Recent developments also indicate that unlike the common notion about China made goods being of dubious quality and inferior, these are no longer of that variety as of now and can easily compete with some of the other prominent brands of the world. The competition that will be brought about by this development will ensure that the prices come down in the global market and this will prove to be beneficial to the customers.