The following is an excerpt from Corazon Victorino | August 6, 2018 | ibtimes.com |
Huawei is reportedly withdrawing its business from the U.S. market amid restrictions imposed by the Trump administration. The news comes after second-quarter global shipments data revealed that the Chinese company is now the second largest smartphone vendor next to Samsung Electronics.
A mobile carrier official familiar with Huawei’s plans disclosed to Etnews Monday that the Chinese brand is entirely withdrawing from the United States. The company is reportedly removing all of its three offices from the country, with preparations underway since the second quarter.
“Huawei is scheduled to withdraw all three U.S. offices,” the official said. “I know that the preparations for the withdrawal of the Huawei U.S. offices were made three to four months ago. We now know that the U.S. mobile business is virtually suspended.”
The move may impact Huawei’s growth in the recent years. Last year, the company surpassed Ericsson and Nokia in the global telecom equipment market share. Then, just this past second quarter, Huawei beat Apple in terms of global smartphone shipments, overthrowing Apple from its “top two” status for years.
At the same time, this could also be a positive move for Huawei. With 5G equipment security problems and virtually impossible smartphone sales in the U.S., it could be advantageous for Huawei to concentrate in other regions, including Asia, Europe and Africa.
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