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Few phone makers will survive industry's brutal economics: Huawei consumer chief

Richard Yu, CEO of Huawei's consumer business group, presenting the new MediaPad M5 tablet in Barcelona on Sunday, ahead of the Mobile World Congress.


THE smartphone industry is bound to consolidate as the heavy investments required to remain competitive mean that, in the long run, only a handful of firms can make money, the consumer chief of China's Huawei Technologies said on Sunday.

Richard Yu, chief executive of...