January 31, 2021 | Investopaper
Sales of Huawei smartphones has fallen sharply in the last quarter of 2020, according to the latest data. According to research firm Canalys, US sanctions on Huawei have had a major impact on sales of Huawei’s smartphones.
From October to December last year, sales of Huawei’s smartphones in China fell 44 percent to 188 million units, according to Canalys. International Data Corp (IDC), an industrial analyst, said in a statement released last year that the number of mobile sets shipped from China to other countries had dropped by 43 percent to 320 million.
Nicole Peng, a researcher at Canalys, said Huawei was also going through a difficult time in the country. US sanctions have made it difficult for Huawei to meet domestic demand.
Former US President Donald Trump, stating that Huawei was a threat to national security, barred Huawei from entering the US market and urged other US allies to follow suit. Huawei says US claims that it is spying for China are untrue. The U.S. government has said it cannot confirm the allegations.
Huawei became the world’s largest phone maker for some time last year. Currently, Huawei is not only behind Samsung and Apple but also Chinese companies like Oppo and Xiaomi. In addition to mobile devices, Huawei is also producing fifth-generation high-speed Internet and telecommunications devices.