Chinese tech giant Huawei was on its way as the leading smartphone brand before its progress was abruptly halted by the United States government. Huawei had endured a series of setbacks after the US reined in a raft of sanctions more than 3 years ago. The heavy sanction regime which also affected its European operations led to a massive decline in its market share. A Huawei executive has laid its slide in fortunes on the US intervention in its operations through the sanctions. Richard Yu also dismissed Samsung as a small player in the smartphone market but for the US action.
The severe US sanction regime had almost led to the collapse of Huawei. It declined from the second position in the smartphone industry as a result. However, in the past year, Huawei has continued to surge from the rubble. Huawei’s HamonyOS is one of its greatest achievements during the period. According to Yu, Huawei’s consumer business group’s CEO, Huawei could have been the second leading manufacturer after Apple. He made the claim at an automotive forum in China.
Samsung was at the top of the global market before the sanctions in 2019. However, Huawei’s annual growth forecasts predicted it could overtake Samsung within a few years. It is also noted that Huawei’s 50% annual growth rate was a remarkable performance. This could have put it at the summit of global smartphone manufacturers within a year.
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