Hong Kong (CNN Business) Western governments may be piling the pressure on Huawei but that's not holding back its fast-growing smartphone business.

Samsung SSNLF Apple AAPL A senior executive at the Chinese tech company said Thursday that Huawei expects to displaceas the world's top smartphone seller by the end of 2020. It took second place fromin the middle of last year.

"This year at the soonest, next year at the latest, we will become number one," Richard Yu, CEO of Huawei's consumer business, told reporters in Beijing.

Yu said Huawei sold over 200 million smartphones in 2018, up about 30% from the previous year. The company also sold more than 100 million smart devices, including tablets and wearables, he added.

The spike in sales resulted in revenue from Huawei's consumer business rising to $52 billion — an increase of more than 40%.

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