🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

Huawei partners with local retailers to sell flagship smartphones in Brazil

Published 30/04/2019, 23:50
© Reuters. FILE PHOTO: The Huawei logo is pictured outside Huawei's factory campus in Dongguan, Guangdong province
TEF
-
0593xq
-

By Gabriela Mello

SAO PAULO (Reuters) - China's Huawei Technologies Co Ltd on Tuesday launched two high-end smartphone handsets in Brazil, making its second attempt to penetrate the world's fourth-largest smartphone market, broadening its footprint in Latin America.

"We are in a very different market share position than we were five years ago and we're seeing tremendous brand momentum," Ketrina Dunagan, Huawei's vice president of marketing for the Americas, said in an interview on the sidelines of the launch event in Sao Paulo.

Both devices, the P30 Pro and P30 Lite, will be available through eight online and brick-and-mortar channels as of May 17, she said, adding suggested prices are 2,499 reais ($638) and 5,499 reais (1,076.42 pounds), respectively.

Local retailers Magazine Luiza, Via Varejo, B2W, Fast Shop and wireless carrier Telefonica (MC:TEF) Brasil will be among those selling the phones, according to Dunagan.

P30 Series handsets will be imported from China at first, but Huawei is considering local production to match demand if needed.

"Our first priority is delivering this latest innovation to the Brazilian consumer as fast as we possibly can, but we are hiring people locally to manage the business here and establish what is necessary to ensure our success in Brazil," Dunagan said.

The world's third largest smartphone manufacturer first launched a smartphone in Brazil in 2014, but the simpler Ascend P7 handset met with weak demand and the project was discontinued.

Dunagan refused to provide projected sales estimates for the P30 Series in Brazil, but said marketing efforts will be initially focussed in Sao Paulo, Rio de Janeiro and Brasília.

Smartphone sales in Brazil are expected to fall 4.3 percent to 42.5 million units this year, according to research firm IDC Brasil, after a 6.8 percent drop in 2018.

But Huawei is betting these new models can lure increasingly sophisticated buyers, potentially challenging Samsung Electronics (LON:0593xq) Co and Lenovo Group's Motorola brand, which currently dominate the local smartphone market.

"Brazil is very unique and a huge market for smartphones ... Although the overall market size is not growing, the premium segment over 3,000 reais is growing," Dunagan said.

© Reuters. FILE PHOTO: The Huawei logo is pictured outside Huawei's factory campus in Dongguan, Guangdong province

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.