Huawei has deployed its products and services in more than 170 countries. It overtook Ericsson in 2012 as the largest telecommunications equipment manufacturer in the world, and overtook Apple in 2018 as the second-largest manufacturer of smartphones in the world, behind Samsung Electronics. In 2018, Huawei reported that its annual revenue was US$108.5 billion. In July 2020, Huawei surpassed Samsung and Apple to become the top smartphone brand (in number of phones shipped) in the world for the first time. This was primarily due to a drop in Samsung's global sales in the second quarter of 2020, owing to the impact of the COVID-19 pandemic.