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Nonetheless, it did manage to ink a brand new global patent licensing deal with Qualcomm, which at the least ensures that it
might probably still construct chips - if it might probably find
a company to make them. The Chinese company took over
from previous world chief Samsung, as Huawei’s gross sales declined
by solely 5 % to 55.Eight million items, compared to a 30 p.c drop for
Samusung to 53.7 million smartphones shipped. 70 percent
of Huawei’s sales are now in China (thanks in part to
the US ban), whereas Samsung solely has a
tiny sliver of the Chinese language market. Whereas smartphone gross sales dropped significantly within the US
and elsewhere due the coronavirus, China was touched to a far lesser
diploma by the pandemic. China primarily drove Huawei’s success.
Despite its success this quarter, it may not hold the place for lengthy.