Samsung shares surge as Huawei struggles

"If you are in Europe or China and couldn't use Google map or any Android services with a Huawei smartphone, would you buy one?" MS Hwang, an analyst at Samsung Securities, told Bloomberg News, adding:"Wouldn't you buy a Samsung smartphone instead?"

Samsung accounted for 23.1% of global smartphone sales in the first quarter of this year, according to industry tracker International Data Corporation, while Huawei had 19.0%. Last week, Trump declared a"national emergency" empowering him to blacklist companies seen as"an unacceptable risk to the national security of the United States" – a move analysts said was clearly aimed at Huawei.

The US Commerce Department announced a ban on American companies selling or transferring US technology to Huawei, with a 90-day reprieve by allowing temporary licenses. – Rappler.comIn an industry as rapidly changing as technology, our Tech section seeks to be always up-to-speed with the latest technology news, gadget and app reviews, tips and analysis.Through Rappler PLUS, you will receive special editorial newsletters, industry reports, and invites to exclusive briefings.Make your move now.

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