Huawei’s Chinese mobile rivals look to capitalize on its US woes
- Date: 23-Nov-2020
- Source: Arab News
- Sector:Technology
- Country:Middle East
Huawei’s Chinese mobile rivals look to capitalize on its US woes
Huawei's Chinese mobile rivals look to capitalize on its US woes
Huawei's Chinese mobile rivals look to capitalize on its US woes
Huawei's Chinese mobile rivals look to capitalize on its US woes
Huawei briefly overtook Samsung as the world's biggest handset maker in the first half of this year, before shipments fell 23 percent to 51.7 million units in the third quarter. (AFP)
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Huawei's Chinese mobile rivals look to capitalize on its US woes
'What we can see now, whether from Xiaomi, Oppo or Vivo, is that they're raising their forecasts for next year'
Huawei still commands 41.2 percent of the market in the third quarter
Updated 23 November 2020
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SHENZHEN, China: Chinese handset rivals of Huawei Technologies including Xiaomi, Oppo and Vivo are making aggressive moves to seize market share from their giant rival, after stepped-up US sanctions hobbled Huawei's supply chains, industry insiders say.
Last week Huawei said it has sold its budget Honor subrand for an undisclosed figure in a bid to safeguard the latter's supply chain from US action, which has made it difficult to source essential components.
All the same, Huawei's Chinese rivals smell blood in the mid-to high-end phone market. In August a Huawei executive said the company will not