A chief executive from China-based tech giant stated on Thursday that they are expecting to be the top smartphone seller by the end of 2020, taking the place of Samsung.

Huawei took the second place last year, beating Apple.

CEO Richard Yu stated that they landed 30% more sales in 2018 than the previous year, selling more than $200 million smartphones.

The company also sold tech equipment such as tablets and wearables worth more than $100 million.

Huawei’s revenue from customer business increased to $53 million, rising more than 40%.

Huawei faced several problems in the last months of 2018, from an arrested chief executive to warnings from intelligence agencies of different countries for the security of its wireless 5G devices.

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Bitcoin is now trading a little below $3,400.

Other crypto currencies Ripple/XRP, ethereum, stellar, litecoin and numerous other cryptocurrencies have göne down dramatically last week.

Little tangible news explain or justify the current crypto crisis.

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.