Canalys, said it is possible for Huawei to achieve its ambitious revenue target if it can maintain its current growth rate and everything goes well.

“Huawei is also increasing the average selling price of its smartphones and expan

ding its presence in the premium segment, which will significantly boost revenue,” Jia said.

But the global smartphone market is reaching saturation point, so Huawei has to encroa

ch on other smartphone vendors’ market share to maintain a good momentum, Jia added.

On Thursday, Yu also unveiled the P30 smartphone series in Shanghai. Priced from 3,988 yuan ($594) in China, the P30 Pro co

mes with optimized photo-shooting capabilities. By leveraging artificial intelligence and a new light sensor, th

e new model would significantly boost light absorption to create better photos, even in near darkness.

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