Huawei to reduce smartphone production by 60 percent

One of many firms most affected by the continued expertise wars between the USA and China. Huawei, confronted with numerous embargoes.

Huawei, whose android license was canceled by Google, was later blacklisted within the USA and prevented from doing enterprise with firms within the nation.

In accordance to the knowledge obtained, the Chinese language firm will start to really feel the strain on it extra severely in 2021. Huawei is predicted to take a heavy hit in cellphone gross sales this yr.

It should produce 60 percent fewer telephones.

Within the message Huawei despatched to suppliers, there was data that 60 percent much less smartphones can be produced in 2021.

Nikkei Asia’In accordance to the report of the corporate, the Chinese language firm, which offered 190 million telephones final yr, is focusing on gross sales of 70-80 million this yr. On the identical time, the corporate’s in-house Kirin processors are additionally in bother due to US restrictions.

CONTINUES TO LOSE BLOOD

In accordance to the most recent report from analysis firm IDC, Huawei dropped to third place after Samsung and Apple within the international smartphone business. In accordance to specialists, this decline in Huawei will proceed in 2021.

Huawei CEO Ren Zhengfei introduced that he wished to meet with US President Joe Biden to take away the strain that has been happening for about 2 years.

Nevertheless, US analysts suppose that the Biden administration should still impose some restrictions, even when Huawei is allowed, so the Chinese language firm can not return to its previous days.