HuaweiDue to various sanctions imposed on . Now, a Xiaomi executive has revealed which brands are taking advantage of this situation.
According to Lu Weibing, President of the Xiaomi Group, the Chinese tech giant has about Losing 80 million customers explained. While Huawei was cut off from TSMC, the main chip supplier that manufactures proprietary Kirin processors, it also USA based Access to suppliers was also cut off. In other words, the company’s smartphone operations are basically collapsed, which led to its downfall.
The brand was once the world’s 2nd largest smartphone manufacturer, but fell rapidly after these sanctions from the US. Xiaomi senior official, out of 80 million users lost by Huawei of 50 million to Xiaomi you’re going explained. On the other hand, the company has 20 million of its customer base as iPhone manufacturer. to Apple lost and the remaining 10 million its former subsidiary honor seized by.
This once again points to how successful Huawei has been in the Chinese market, as its absence has left a huge void that other brands have rushed to fill. Market share has been quickly taken over by rival companies, many of which have seen remarkable growth in recent years. Despite various problems and economic factors in the supply chain, The smartphone market overall is still in decline.