Huawei's pain can be to Samsung's benefit | IOL Business Report

INTERNATIONAL – Samsung Electronics may have a chance to strengthen its position in the smartphone market due to the hurt caused to Huawei Technologies in the wake of US-China trade tensions, according to Fitch Ratings. The loss of access to Google’s android system may hurt the smartphone sales of the Chinese technology company outside China, thereby giving Samsung a chance to improve its market share, Fitch Ratings said in a statement.

Earlier this month, the US government hit Huawei with severe sanctions as the US Commerce Department blocked the Chinese company from buying American goods amid its escalating trade spat with China. The ratings agency also added that iPhone maker Apple could be another casualty of the trade tensions between Beijing and Washington, which would accelerate its market share loss in China.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Google ban on Huawei may have 'a negative effect' – Momentum | IOL Business ReportMomentum security analysts agree that the recent move by Google to ban Huawei from the Android platform is likely to have a 'negative effect on the company'. busrep
Source: IOL - 🏆 46. / 51 Read more »

PODCAST | Business Day Spotlight: Huawei unpacks its planIn this edition of Business Day Spotlight, we focus on the impact of the ongoing ‘cold war’ on Chinese telecoms giant Huawei
Source: BDliveSA - 🏆 12. / 63 Read more »

PODCAST | Business Day Spotlight: Huawei unpacks its planIn this edition of Business Day Spotlight, we focus on the impact of the ongoing ‘cold war’ on Chinese telecoms giant Huawei
Source: BDliveSA - 🏆 12. / 63 Read more »

PODCAST | Business Day Spotlight: Huawei unpacks its planIn this edition of Business Day Spotlight, we focus on the impact of the ongoing ‘cold war’ on Chinese telecoms giant Huawei
Source: BDliveSA - 🏆 12. / 63 Read more »

Huawei says operations not affected by exclusion from global industry organisationsSouth Africa spokesperson Vanashree Govender says it is business as usual for the company.
Source: TheCitizen_News - 🏆 6. / 75 Read more »