Huawei’s Chinese Competitors Race to International Market Amidst US Sanctions
US Sanctions on Huawei have created a new competition for market shares and production lines amongst its Chinese competitors, Vivo, Oppo, and Xiaomi.
“[Huawei’s competitors] believe the sanctions against Huawei will more or less hurt it in the international market, and they may want to take a share of the market from Huawei,” states Derek Wang, an executive in charge of production at Realme, which shares a supply chain with Oppo.
Similarly, Xioami has placed orders for up to 100 million phones, up 50% on projections before the Huawei sanctions. While some say that these figures are too optimistic, an analyst at Counterpoint, expects a “clear year-on-year growth from Huawei and Honor’s smartphone rivals in 2021, but likely at a lower ratio than their earliest expectation.”
Source: Reuters #Nov23
https://www.reuters.com/article/us-china-mobile-huawei-competitors-idUSKBN2830IC
#Huawei #Xiaomi #China #Smartphone
US Sanctions on Huawei have created a new competition for market shares and production lines amongst its Chinese competitors, Vivo, Oppo, and Xiaomi.
“[Huawei’s competitors] believe the sanctions against Huawei will more or less hurt it in the international market, and they may want to take a share of the market from Huawei,” states Derek Wang, an executive in charge of production at Realme, which shares a supply chain with Oppo.
Similarly, Xioami has placed orders for up to 100 million phones, up 50% on projections before the Huawei sanctions. While some say that these figures are too optimistic, an analyst at Counterpoint, expects a “clear year-on-year growth from Huawei and Honor’s smartphone rivals in 2021, but likely at a lower ratio than their earliest expectation.”
Source: Reuters #Nov23
https://www.reuters.com/article/us-china-mobile-huawei-competitors-idUSKBN2830IC
#Huawei #Xiaomi #China #Smartphone