Huawei set to become No 2 smartphone vendor

Huawei CEO Richard Yu shows the MediaPad X1, priced at 399 euros, the world's slimmest 7-inch LTE Cat4-enabled all-in-one phablet, during Huawei presentation before the start of the Mobile World Congress in Barcelona, February 23, 2014. [Photo/Agencies]

Chinese telecom giant Huawei Technologies Co Ltd aims to become the world's second-largest smartphone vendor by 2015, moving up one notch from its current position, according to Yu Chengdong, chief executive officer of Huawei Consumer Business Group.

Huawei was ranked the No 3 smartphone vendor globally in the fourth quarter of last year, said research firm IDC. The Shenzhen-based company has looked beyond the traditional telecom equipment business and explored the smartphone area in recent years.

In a news conference in Shenzhen on Wednesday, Yu said Huawei plans to ship 80 million smartphones this year, helping the company's share of the global market reach 8 percent to 10 percent by year-end, up from its current 4.8 percent.

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