Huawei could be the first big casualty of China-US clash [CNN]
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Source: CNN
Huawei could be the first big casualty of China's clash with America Huawei's smartphones are more popular than Apple's ( AAPL ) iPhone, and sales have been growing faster than Samsung ( SSNLF ) . The company was aiming to become the world's biggest smartphone brand by next year, and lead the global rollout of next generation super-fast 5G wireless networks. Then President Donald Trump slapped it with a US export ban, barring American companies from selling components and software to Huawei without first obtaining a license. The ban has already led Google ( GOOGL ) to block new Huawei devices from licensing its Android operating system, as well as popular apps and services. (Existing phones will be exempt , for now.) Huawei insists its business can withstand the crisis, reminding customers of the company's history as a fighter that will do whatever it takes to survive. "The current practice of American politicians underestimates our strength," Huawei founder and CEO Ren Zhen
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