US sanctions on Chinese telecoms giant Huawei have hammered the firm’s sales as it struggles to meet demand.
BEIJING: Sales of smartphones made by Chinese telecom giant Huawei plunged in the latest quarter of 2020 as they were hit by US sanctions on its suppliers, research firm Canalys said on Friday.
Domestic sales fell 44% to 18.8 million units in October-December, according to data released by research firm Canalys. That comes after separate figures earlier this week from industry tracker International Data Corp (IDC) showed overseas shipments plunged 43% to 32 million.
“It is possibly Huawei’s toughest time as it is restrained to even serve its home market,” Nicole Peng, a researcher at Canalys, wrote in a research note.
Sales were hit as Huawei was unable to meet high demand “as a result of US…
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