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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

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Ray Dalio says the U.S. just had its 'Suez moment'—and history says what comes next could end an empire

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

3

Ray Dalio says the U.S. just had its 'Suez moment'—and history says what comes next could end an empire
Tech

This Chinese giant just surpassed Microsoft

By
Benjamin Snyder
Benjamin Snyder
Managing Editor
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By
Benjamin Snyder
Benjamin Snyder
Managing Editor
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July 31, 2015, 12:56 PM ET
Latest Electronics Products On Display At The CEATEC Exhibition
An attendant displays a Huawei Technologies Co. Ascend Mate7 smartphone at the Cutting-Edge IT & Electronics Comprehensive Exhibition (CEATEC) in Chiba, Japan, on Tuesday, Oct. 7, 2014. Huawei, Chinas biggest maker of phone-network equipment, said it plans to overtake Apple Inc. in the world smartphone market in the coming two to three years as it introduces new technologies. Photographer: Kiyoshi Ota/Bloomberg via Getty ImagesPhotograph by Kiyoshi Ota — Bloomberg via Getty Images
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Huawei is now the third-largest mobile phone maker in the world, beating out Microsoft (MSFT) for the number of items shipped in the second quarter of 2015, according to Strategy Analytics.

Engadget reported Friday that Huawei shipped over 30 million phones during the year’s second quarter, which is roughly a 50% increase from the same period in 2014. Microsoft, meanwhile, sold 27.8 million phones worldwide in the quarter.

According to the publication, Huawei now has a 7% global market share, which trails Apple’s (AAPL) 10%, and Samsung’s 20%.

 

“Huawei is rising fast in all regions of the world, particularly China where its 4G models, such as the Mate7, are proving wildly popular,” Ken Hyers, director at Strategy Analytics, told Engadget.

Neil Mawston, the executive director at Strategy Analytics, added that “Microsoft’s 6 percent global mobile phone marketshare is sitting near an all-time low.”

About the Author
By Benjamin SnyderManaging Editor
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Benjamin Snyder is Fortune's managing editor, leading operations for the newsroom.

Prior to rejoining Fortune, he was a managing editor at Business Insider and has worked as an editor for Bloomberg, LinkedIn and CNBC, covering leadership stories, sports business, careers and business news. He started his career as a breaking news reporter at Fortune in 2014.

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