Huawei. The Chinese company made an extremely important announcement regarding the phones it is preparing for launch. According to some information that appeared today, the company's plans to stay above Apple in sales are no longer valid. The same can also be said about Huawei's plans to surpass Samsung in sales, this being impossible at the moment, at least according to Chinese representatives.
Huawei. A manager from Honor stated that the company's internal plans must be revised due to US sanctions. This means that the recent decline in sales has forced the company to seriously revise its internal objectives. If until now Huawei hopes to sell over 200 million phones in 2019, the reality is that it is a much too high figure in relation to the current possibilities, so sales will definitely be lower.
Huawei. IMPORTANT NOTICE Regarding Phones
Huawei. The information regarding the change of objectives of the Chinese came after Foxconn announced yesterday that it was asked to reduce the production of phones. This means that Huawei is experiencing a substantial drop in demand for its products, so it has to reduce production in China. No one knows how big the drop in sales is, but it is very clear that there is a big problem.
Huawei. Some analysts estimated that Chinese sales would drop by 25% - 30% in 2019 due to US sanctions, which forced some American companies to break off collaborations. This estimate has already been confirmed in Spain, where a manager stated that they lost exactly that much last week. It is not known what the situation is in China, but most likely Huawei has already lost seriously there.
Huawei. In the following weeks, we will see how serious things have become, and if the production will be reduced by the Chinese company at Foxconn. It is to be expected that things will go on a continuous downward trend for the Chinese, without any stop.
