Troubled Times Ahead for Huawei Smartphones as Trade War Bites Deep

by David McQueen | 4Q 2020 | IN-5949
With a despondent backdrop of the COVID-19 pandemic and the U.S.-China trade war, the smartphone market was remarkably resilient in 2Q 2020. Although global shipments were heavily impacted and dropped 17% Year-on-Year (YoY), there was a small uptick Quarter-on-Quarter (QoQ) as global sales were estimated at 281 million units. Samsung and Huawei lead the market, shipping around 54 million units each in 2Q 2020, both experiencing YoY declines. They were followed by Apple, which managed to keep shipments relatively flat YoY and QoQ at 38 million units, with Chinese vendors Xiaomi and OPPO completing the top 5 vendor roster for the quarter.

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