The industry's moved to smartphones, so it's not like before. Now as you can see, the industry is changing and consolidating. These together take up 95 percent of the profit in the industry. Most of the big companies take up more than 70 percent of the profit. The mobile phone industry, I strongly believe, will become a matter of survive or die (sic). Seven years ago, the telecommunication industry had many suppliers but now they're all consolidating, one by one they're combining or dying. I have a strong feeling that the industry is consolidating. Yu: In three years we want the Huawei brand to be the industry's top brand. How soon do you plan to be the number one manufacturer ? In this industry, nobody remembers number two, just number one. But we want our products to the best, which dramatically changes the consumer's mindset. Your radio performance, audio performance, display, everything. Every component inside the phone, no matter whether it's the camera or microphone, it's going to be the best in class. That's why we want to launch the best dual-core, the best quad-core. So we'll still do some ODM, but we want to become more of an OEM (original equipment manufacturer) using the Huawei brand. They're always saying "we want lower prices." This squeezes us and it makes life quite difficult. In the past we've been mainly an ODM, working with carriers. No matter what phone, whether it's low-tier, mid-range or high, all of our phones should be the best! We are dramatically changing our strategy. We want to be the benchmark - the performance in those series should be better than our competitors. Y series is entry level and G is for mass market, mid-range. P series offers the industry benchmark in being the slimmest but also in being the most compact and fastest dual-core. We want the D series to set the industry benchmark with our competitors. Yu: The D series is a high-end flagship with high performance in the industry. Since such a thing doesn't happen overnight, what's the vendor's strategy to come out on top in the coming years? We briefly caught up with Richard Yu, Huawei's chair of devices, and picked his brain on some of his company's ambitions.Ĭan you tell us more about your strategy going forward? The company has some incredibly lofty goals, intending to ditch its past reputation as an ODM (Original Design Manufacturer) focused on budget devices and embracing an exciting future as an industry leader. With a massive audience reach and profitable presence on social media, Yu assists individuals to build their companies, improving their brand recognition, and increasing their return on investment.Countless smartphones were announced at last week's Mobile World Congress, but Huawei's showing was one of the more intriguing at the event. He is the founder of Impact Clients Coaching Programs. Richard Yu is a philanthropist, entrepreneur, and high-performance business coach. We aim to provide an equal opportunity for all students, so they don't miss out on the academic and social milestones that present themselves when seeking higher education. The Richard Yu Scholarship Foundation is open to students across the United States, in any major. The Richard Yu Scholarship was launched in 2022 in an effort to help provide financial relief for students who desire to reach their full academic potential. The ever-rising cost of tuition is an issue that many students face when planning to attend (or continuing to attend) a college or university. The deadline to apply for the next scholarship cycle is March 31st, 2023. The scholarship is awarded on the basis of the applicant's 200- to 400-word essay on the topic: "Do you feel there is a correlation between obtaining higher education and securing financial freedom for your future? Why or why not?" Ideally, we want students to think critically about their higher education and financial freedom. college and university students regardless of their GPA or academic standing, their educational field of study, or their socioeconomic status. The scholarship is available to all eligible U.S. It may not be withdrawn to pay for other expenses. The award is applied directly to the winning student's tuition and fees. The scholarship is worth a generous $1,000 for one academic year. This is the first year that the scholarship has been offered, and they plan to have recipients that have gone on to successful careers and advanced to graduate-level studies. IRVINE, CA / ACCESSWIRE / Ap/ Students who are worried about the ever-rising costs of their higher education should consider applying for the Richard Yu scholarship for the academic year 2023-24. Students are Encouraged to Apply for a scholarship to help supplement their college or university education.
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