Apple can face more risks in China trade war, Google as well
BLOG BY SAAD ALI
Apple Inc. an American multinational technology company could effectively face a low in their business by 29% if China takes revenge for banning Huawei.
Besides a tech consultant in China suggests, Trump’s Huawei trade ban could affect Google as well.
It was terrible news for China. China ruling over the world’s as 2nd-largest Smartphone in the market. In aggression of market stability, China put himself in a position to retaliate and to counter the Apple – the world’s third-largest Smartphone maker.
According to the latest analyses by Goldman Sachs, “Apple’s profits could slide almost 29% if China puts Apple on its blacklist.”
Moreover, the Investment Bank estimated, this action could go-ahead to a major loss the reduction of the company’s bottom line by $15 billion annually.
On the other hand, the 29 % figure is only an estimate of Apple‘s losses because 17% of Apple parts are built in China.
But why Trump did it so?
Hawaii mess and ‘Android Avenue’ are slightly considerable. Huawei makes best of the interesting phones.
- At the launching of its latest smartphone, Huawei p30 and p30 pro made reservations through a flash sale over Huawei Mall web site (aka VMall), and all of the available units were sold in only of ten seconds.
Huawei collected 200 million Chinese Yuan ($29.8 million USD at current exchange rates). It is estimated that 30,000 to 50,000 units were pre-ordered.
This phone had the best camera that any phone maybe could not have in low light photography.
- His second best selling latest tech phone Huawei mate x galaxy fold looks quite amazing. This phone had also made a remarkable impression at consumers.
Us commerce department restricted Us companies from working with Huawei until unless those companies got a special license. Commerce department generated temporarily license that will allow Huawei to keep existing to issue updates in the devices that are used. This license ha san expiry of August 2019.
Google issued a statement on twitter
For Huawei users' questions regarding our steps to comply w/ the recent US government actions: We assure you while we are complying with all US gov't requirements, services like Google Play & security from Google Play Protect will keep functioning on your existing Huawei device.
— Android (@Android) May 20, 2019
Reportedly Google will no longer offer technical support to Huawei. These phones will lose android updates or services like Google Play and Gmail outside of China.
This hits Huawei on brains to counter and retaliate.
It is to must remember that Huawei is creating the biggest impression in the wireless industry nowadays. It’s the world’s No. 1 telecom supplier and No. 2 Smartphone maker.
Huawei Technologies Co. built at least a three-Month stockpile ahead of Trump ban to run their business.
The last factor is that Huawei is in the second position at International Data Corporation (IDC) list with capturing 19% of the market. Huawei not having dealt with US companies because of the issues of those suppliers.