Huawei's global smartphone market share to slump to 4% in 2021: Report

Huawei Technologies’s global smartphone market share is expected to fall to just 4 per cent in 2021, a precipitous drop for the company that this summer ranked as the world leader in shipments.

China’s telecommunications giant will account for 14 per cent  of the market this year and then drop to less than a third of that, TrendForce researchers said Tuesday. A sustained campaign of sanctions against Huawei from the US government has resulted in the company losing access to key software, chip design and manufacturing partners, depriving it of its technological edge.

The Honor budget phone division that Huawei recently announced