Due to the various sanctions imposed on Huawei in recent years in many markets and especially in the US, as expected the company faced a huge decline in smartphone sales
Today, a strain of it Xiaomian, revealed to us which companies took advantage and profited from its downfall HUAWEI.
According to Lu Weibing, the President of her Group Xiaomi, revealed to us that Huawei lost about 80 million customers due to the sanctions imposed on it internationally. For those who don't know, Huawei has completely cut itself off as a major chip supplier TSMC, who was building it Huawei's Kirin SoCs, and also lost access to its US-based suppliers from whom it procured technology. In other words, almost all the departments of the company that were responsible for the production of Smartphones were essentially left without "raw materials", leading the company to its downfall.
Let us remind you that the HUAWEI it was once the 2nd largest smartphone manufacturer in the world, but in a short period of time after these US sanctions, it lost a huge market share and customer base in too many countries.
The President of the Xiaomi Group revealed to us today, that of the 80 million users lost by Huawei, 50 million users went to Xiaomi, the rest 20 million from her customer base were rejected by her Apple, with iPhones, and the rest 10 million headed towards her Honor – the former subsidiary of the acquired company.
This indicates how successful she was Huawei in the Chinese market, and as its absence left a huge void, other manufacturers immediately rushed to fill it, with most of them experiencing remarkable growth in recent years.
Of course, after the many problems seen in the supply chain in the last two years, as well as various unfavorable economic factors, the overall smartphone market is still in decline.
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