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Thursday November 26, 2020

Huawei’s share in the global phone market will drop to 4% in 2021, “report”

Huawei’s contribution in the global phone market is expected to decline to 4% during the next year 2021 after the US sanctions and embargo.

The pressure on Huawei increased after the latest US sanctions against it entered into force, by boycotting its suppliers and semiconductor companies, led by its first chip provider, TSMC.

As a result of the event, it was natural for the company to suffer in the coming days and reduce its sales. This is actually happening today after its sales during the last quarter contracted sharply. With the expected contribution to the global phone market this year, only 14%, according toBusinessStandard.

In the midst of the report, the expectation was that Huawei phone shipments would decrease in the next year 2021 to 4% of the total contribution of manufacturers in the global phone market, which is a significant decline in the share of the first competitor for Samsung and even Apple over the past years.

The Chinese company abandoned its trademark Honer nearly two weeks ago in a move to circumvent US sanctions and confront shortages of supplies and chips. For the brand that represents its line of mid-range phones and good specs.

On the other hand, Qualcomm had officially announced that it had obtained a permit to supply Huawei with some chips and 4G processors; Samsung and LG have obtained permission to provide them with screens as well. Which may reflect the matter of previous expectations and increase the company’s share during the next year, perhaps, noting that the fifth generation and its chips are out of the game for now.

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While other Chinese companies are expected to benefit from the shrinkage in Huawei’s share; Which means an increase in the share of Xiaomi, Oppo, OnePlus and others in filling the gap left by their great country.

Related topics:

Huawei P50 will carry the Kirin 9000 processor and a Korean OLED screen “leaks”


Source:

gizmochina

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