iPhones Are Now "Embarrassing" In China As Trade War Deepens [zero hedge]
IHS Markit Ltd. Common Shares (INFO)
Last ihs markit ltd. common shares earnings: 3/24 06:00 am
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Source: zero hedge
While the trade war threatens to cripple Huawei, the ongoing nationalist sentiment surging throughout China could be a boon for the Shenzhen-based telecommunications company.Sam Li, who is employed by a state-owned telecom firm in Beijing, told the Shanghai Morning Post that he switched from Apple to Huawei following President Trump's deepening of the trade war targeting Chinese firms."It's kind of embarrassing to pull an iPhone out of your pocket nowadays when all the company executives use Huawei," Li said.The International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker shows Huawei shipped 206 million smartphones, 105 million in mainland China, accounting for 26.4% of the domestic market last year. Apple placed fifth in the country with 9.1%. By 1Q19, that fell to 7% compared to a 3% share gain for Huawei, according to Counterpoint."Chinese consumers' love for Huawei can only increase because of the ban," said Kiranjeet Kaur, senior research manager at IDC Asia Pac
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