The state-backed China Securities Journal newspaper this month reported Huawei had raised its 2023 mobile shipment target to 40 million units from 30 million at the start of the year, without referencing a return to 5G phones. Huawei shipped 240.6 million smartphones worldwide in 2019, its peak year, according to Canalys, before selling its Honor unit that accounted for nearly a fifth of shipments that year. A second firm estimated shipments could reach 10 million units, without providing further details. One of the research firms said it expected Huawei to use SMIC's N+1 manufacturing process, though with a forecast yield rate of usable chips below 50%, 5G shipments would be limited to around 2 million to 4 million units.
Stuck selling last-generation 4G handsets, Huawei fell from most rankings worldwide last year, when sales reached a low point, though it rose to a 10% market share in China in the first quarter, according to consultancy Canalys.
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