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Google ban on Huawei may have 'a negative effect' – Momentum | IOL Business Report

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Momentum 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

JOHANNESBURG – Momentum 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".

Bambo said 48 percent of Huawei's revenue comes from the consumer which is the segment likely to be most affected by the US ban. When asked if similar impacts will be seen on other Chinese tech companies and which ones, Bambo said that six other tech-related Chinese firms have been banned from "exporting sensitive US goods, with fears they may have supported Iran’s military", all of which were unlisted.

Frank Kahumba, equity analyst at Momentum Securities, said that with android having a lot of enthusiasts due to the Operating System across devices it could be a huge blow if this is lost.

 

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