Sellers in China have almost nothing to offer to buyers from Huawei mobile phones, stocks are melting
Huawei’s share of the smartphone market is collapsing, affected by US sanctions, which made it impossible to buy important components. The company is trying not to disappear overnight from the horizon and is even preparing to unveil the flagship Huawei P50 line. This is done in order to survive and hold out as long as possible. And there, perhaps, the US rhetoric will change and the company will be allowed to return to full-fledged work.
For now, Huawei smartphones have practically disappeared from store shelves outside of China. A similar situation will soon occur in China. According to reports from the Middle Kingdom, sellers across the country now have little to offer among Huawei-branded devices. At the moment, 2-3 models are available, and in some stores one model is completely available for purchase. A little more and sellers simply will not have anything to offer, the company’s warehouse stocks will run out.
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Earlier, the CEO of Huawei’s mobile division, Yu Chengdong, said that in the past two years, the United States has imposed sanctions against the company four times. This seriously hit its business and now there is a redistribution of the segment of top-end devices in China, where Apple has become a beneficiary of the sanctions. The segment of mid-range and budget-level devices is fighting between Xiaomi, Vivo and Oppo. In the global market, Samsung, Apple and a number of Chinese companies have benefited from the sanctions against Huawei.
A source: gizchina
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