Huawei is pushing further into new technologies such as virtual reality. Based on its partnership with Alphabet Inc.s Google, which provides a VR software platform, the company plans to release a new VR-compatible smartphone this fall. We want to be the number-one smartphone maker in the world. Its a long-distance race, and we have the patience. Our growth is mainly coming from the high-end premium segment. If you want to be the leading vendor you have to lead in the high-end," explained Richard Yu, the Director of Huawei.