Chinese giant Huawei sees smartphone sales drop

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Huawei’s turnover has fallen by more than 30% year-on-year since the start of the year. The Chinese telecommunications giant is hit hard by US sanctions. He had been placed on the “black list” by the government of Donald Trump. A situation he hoped to see lifted with the arrival of Joe Biden to power, in vain.

Accused of a threat to the security of the United States, and a formidable competitor, Huawei has been imposed sanctions which did not allow it to supply itself with the components necessary for the manufacture of its products. A blow for the one who was one of the world’s three leading smartphone manufacturers with the South Korean Samsung and the American Apple.

Based in Shenzhen in the south of China, Huawei was even, for a time, the world number one in smartphone sales, thanks to Chinese demand and that of emerging markets. But because of US sanctions, its smartphone sales fell by a third in 2021. Its turnover is 70 billion euros, against 90 billion last year.

On the other hand, its activities intended for professionals, such as 5G equipment, of which it is the world leader, were not affected. Guo Ping, the chairman of the group, has promised his employees not to abandon the smartphone industry. Huawei represents nearly 200,000 employees in more than 170 countries.

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