Huawei is a brand well known for its innovations and interesting technologies in the smartphone segment. The company has emerged as a strong contender to top tier players such as Samsung, and become a threat to other relatively new companies such as Xiaomi.
The Chinese conglomerate has been working towards providing best users experience with its innovations, which has helped it built a trust factor and gain popularity among consumers. In fact, despite the highly competitive environment, the company has emerged as a global leader in filling maximum patents.
Significant growth in Smartphone segment:
Huawei is an emerging technology company that has witnessed significant growth in the smartphone era. The company has performed especially well in terms of patents, which means that it is working towards new innovations to make it products superior and even more powerful.
The company has got a large number of patents, not only in China but also in overseas areas, which clearly shows the company's ambition of becoming a world leader in the smartphone segment.
With an array of registered patents under its name, the company is qualified to be included into the 'giant-class', and pose to be a tough competition to its Western counterparts in the mobile phone industry.
Achievements so far!
Over the past few decades, Huawei has accumulated a leading number of overseas patents, which has made it a strong contender. As per the company, Huawei Consumer BG had more than 9,000 global patent applications, including more than 2,000 patents obtained in China and 1,100 in overseas areas like Europe, America and other regions, by 2015.
The company invests heavily on its R&D center, and has touted its yearly research and development budget to be equivalent to 10 percent of its revenue, which is proportionally higher than many of its rivals in the industry.
According to the statistics, in 2015, Huawei invested a massive sum of $9.2 billion, which is roughly 15% of its sales revenue, into the R&D of new technology, new products and wireless communication standards. The kind of invest Huawei made clearly shows the company's seriousness towards its consumers.
By the end of 2015, Huawei acquired a total of 50, 377 patents throughout the world, which has further grown in 2016. These applications and grants of patents indicate the company's incidence and location of innovation.
Reach and Network strength!
The company's increase in the revenue of the mobile telecom carrier network business group is related to Huawei's wide layout and exploration for the 4G markets in 2014. At present, Huawei has built more than 154 4G networks, representing market share of 46% among over 300 LTE networks worldwide and ranking the first in the world in the number of networks built.
Future strategies and plans:
For a long time, Huawei has kept innovation in key and latest technology field as well. It is reported that apart from the enhancement in R&D in 4G technology field at present, Huawei is also planning to invest at least 600 million Dollars for R&D of 5G technology before 2018.