
It’s no secret that due to US sanctions, Huawei’s business is far from going well, but the company is still going
What does it mean
The Nikkei publication reports that Huawei has already notifiedtheir suppliers about reducing orders this year. Thus, according to media reports, Huawei will order components for 70–80 million smartphones, and this will last for a whole year.
For comparison, last year the Chinese company sold 189 million devices, meaning a 60% reduction is expected in 2021. And in 2019, the figure was even higher—240 million.
In addition, the company plans to revise itsassortment, reducing the number of models. The fact is that, due to sanctions, the manufacturer has problems with parts for 5G smartphones, so this year the emphasis will be on the 4G version. Of course, this doesn’t mean that there won’t be new products with support for fifth-generation networks at all, it’s just that everything won’t be so smooth with them.
According to suppliers, this could lead to even moregreater production reduction to 50 million units. At this rate, the now independent Honor brand has every chance of overtaking its former parent company.
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