Huawei's Yu says few phone manufacturers will survive the economics of the industry

In the future, we could see as few as four smartphone manufacturers left standing as the expensive investments needed to stay relevant in the industry start picking off smaller firms. That's the word from Richard Yu, the CEO of Huawei's consumer business. Yu has said in the past that Huawei will be the top smartphone producer by 2021, and the company is currently third behind number one Samsung, and Apple. Smaller Chinese companies lack the financial resources to invest in the latest equipment, marketing, branding and R&D, noted Yu. He says that smaller Chinese smartphone manufacturers will ...