No Surprise: Huawei’s Smartphone Business to Decline in 2021
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New data forecasts massive decline for Chinese firm Huawei
Huawei had a hard time dealing with all the sanctions imposed by the Trump administration, and the company’s smartphone business obviously struggled given the lack of licensed Android and Google services.
The decline is likely to continue this year, according to a forecast from TrendForce, with the company to fall from third place in global rankings to the seventh position.
And it’s all because the restrictions announced in the United States would continue to affect its business, making it harder and harder to compete with the rest of the brands out there.
TrendForce says the mobile market would reach 1.36 billion units this year, an increase of 9 percent, with the first six companies to be Samsung, Apple, Xiaomi, OPPO, Vivo, and Transsion, and they will account for a combined share of 80 percent worldwide.
The 5G growth
“Regarding the annual global ranking of smartphone brands for 2021, Huawei will experience a further and significant decline in its device production. This is because of the effects of the U.S. export restrictions and the spin-off of Honor as a separate entity operating in the smartphone market. Huawei is currently projected to tumble from third place in 2020 to seventh place in 2021,” TrendForce says.
“Thanks to the Chinese government’s aggressive push for 5G commercialization in 2020, global 5G smartphone production for the year reached about 240 million units, a 19% penetration rate, with Chinese brands accounting for almost a 60% market share.”
The adoption of 5G smartphones would also increase this year, and it’s expected this new technology would record an increase of 37 percent to account for over 500 million units manufactured.
Needless to say, the six brands mentioned above will also spearhead the 5G push, with both Samsung and Apple truly committed to 5G in the long term.
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