Chinese telecom giant Huawei will lose its former third-ranked position in the smartphone arena this year, after selling off its budget smartphone business amid U.S. restrictions, said tech-focused research company TrendForce.
Huawei sold 170 million smartphone units and made up 30 percent of the 5G smartphone market share in 2020, wrote the report, while predicting a dramatic drop in 2021 due to the breakup with its budget smartphone unit Honor.
With Honor operating independently in 2021, it remains a question if the brand will still attract customers without the larger brand’s endorsement.
TrendForce forecasted Samsung, Apple, Xiaomi, OPPO, Vivo and Transsion as the top six smartphone makers in 2021, accounting for 80 percent of the global market.
Huawei, which was formerly at number three last year, will now fall to seventh place. Though there will still be uncertainty due to the pandemic and fluid global politics.