A 74% drop in the release of smartphones was recorded in its plans by the Chinese Huawei, which is under US sanctions, The Elec reported on September 7, citing its sources.
According to the publication, the company plans to release only 50 million smartphones in 2021. While in 2019 Huawei produced 240 million smartphones. It is expected to ship 190 million smartphones to users this year.
The publication's specialists associate the reduction in plans for the release of smartphones with sanctions against the company.
Recall that US sanctions are in effect against Huawei, which practically cut off the company from the supply of components. According to analysts, the company has accumulated a stack of chips for its devices, but over time they will become obsolete.
Before the latest US sanctions, Huawei could still buy processors from other manufacturers. The company will be able to receive its own processors from manufacturers to order only until September 15.
Before the sanctions came into effect, the company was the largest smartphone supplier in the world, recently surpassing Korean Samsung. In many ways, the company's success was determined by its strong position in its home Chinese market, which is the largest in the world.