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The latest web analysis suggests that Huawei is planning to launch a series of flagship handsets in 2024, including the P70, P70 Pro, and P70 Pro Art, which are reportedly expected to be released in the first half of this year, with sales expected to rise significantly from the P60 series, which is expected to reach as much as triple the sales of the P60 series.
An industry analyst noted that Huawei's P70 flagship series of phones is expected to see strong annual sales growth of about 2,30%, with the number of units sold expected to reach 15 million. In comparison, the P60 series of devices will sell only 4-5 million units.
Even if the market demand fails to be as high as expected, analysts estimate that the company will be able to sell at least 10-12 million handsets. This shows strong consumer interest in the P70 series, giving Huawei a significant competitive advantage in the high-end handset market.
This potential sales growth will also have a positive impact on high-end lens makers, such as Dali Optical and Sunny Optical, as well as other companies supplying Huawei.
They are expected to see a significant increase in shipments during the off-season, as Huawei aims to regain its leading position in the global market by offering superior camera specifications. This will have a positive economic effect on the entire industry chain.
The latest news reveals that the camera configuration of Huawei's P70 series phones will be its compelling selling point. The P70 is said to come with a 5P lens and a 1/3.6-inch telephoto sensor, while the Huawei P70 Pro will be equipped with a 6P zoom lens and a 1/2.5-inch sensor at the rear.
For the more high-end P70 Pro Art version, Huawei plans to use a 1G6P lens (one layer of glass and six layers of plastic) and a 1-inch sensor for the ultra-wide-angle camera. This high-spec configuration will raise manufacturing costs, as molded glass is more difficult to manufacture compared to a regular 7P lens.
This also provides good business opportunities for high-end lens makers such as Dali Optical and Sunny Optical, which are expected to make considerable profits in this high-end configuration of the cell phone camera market.
With Huawei's P70 series about to enter the global market, this could spark other handset makers to follow suit with similar solutions, especially if the P70 series receives a warm welcome in the global market.
The range of phones will be powered by a new Kirin chipset that supports 5G connectivity, which has been one of the main reasons why Huawei's flagships have failed to attract attention over the past three years. This update is expected to attract more users and drive wider adoption of 5G technology in the smartphone space.
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