New US sanctions could destroy the business of the world's largest smartphone maker Huawei. Consumers around the world are already ditching the brand because some popular American apps are no longer on their phones. Writes about this CNN.
Starting next month, the Chinese company will not be able to receive the ultra-fast Kirin processors, since they are manufactured using American technology. Enterprises refuse to supply Huawei processors due to US sanctions. Their loss вЂњwill definitely affect the unique benefitsвЂќ of smartphones, experts say.
Huawei also faces stiff competition from domestic competitors like Vivo, Oppo, and Xiaomi. The analyst is confident that these manufacturers will continue to actively develop, while Huawei should prepare for a drop in performance next year, as the US вЂњwill slowly choke the business.вЂќ
Huawei has been under US sanctions since May 2019. US companies are not allowed to do business with a Chinese corporation, but they are allowed to support Huawei products that were released before it was sanctioned.
Former US Vice President Joe Biden may become the smartphone maker's main savior вЂ” if he wins the November presidential elections, beating the current head of state, Donald Trump. Then there is a possibility that the policy towards the company will change.