Tags: China | huawei | smartphone | sanctions | ban | chinese | ccp

US Pressure Leads to Huawei Revenue Loss Outside China

huawei flags fly on flagpoles
(Fred Dufour/AFP via Getty Images)

By    |   Sunday, 07 March 2021 09:25 AM

The U.S. campaign to ban Chinese telecommunications company Huawei has led to the company reporting a loss of worldwide market share.

Huawei share of revenue on wireless-equipment outside China fell 2% after it had become the world's largest smartphone maker late last year, The Wall Street Journal reported Sunday.

"The efforts of the U.S. government have curbed the rise of Huawei," Dell'Oro Group analyst Stefan Pongratz told the Journal. "They're starting to make a difference."

Meanwhile, Ericsson and Nokia both gained market share last year, sending Huawei down to No. 5 on the list of largest smartphone makers outside China, per the report.

"We must dare to abandon some countries, some customers, some products, and some scenarios," Huawei founder Ren Zhengfei said in a speech earlier this year, per the Journal.

China represents about one-third of global smartphone sales, so Huawei remains the largest wireless-equipment provider in the world overall, according to Dell'Oro.

The U.S., under the Trump administration, has pressured world allies to ban or limit the use of Huawei equipment, including use in 5G network build-outs, because of forced technology transfer and issues of national security.

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The U.S. campaign to ban Chinese telecommunications company Huawei has led to the company reporting a loss of worldwide market share.Huawei share of revenue on wireless-equipment outside China fell 2% after it had become the world's largest smartphone...
huawei, smartphone, sanctions, ban, chinese, ccp
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2021-25-07
Sunday, 07 March 2021 09:25 AM
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