It is obvious that the Google ban has affected the Chinese tech economy, but one aspect we cannot discard is how well Huawei has performed after the ban.
From manufacturing of quality mobile devices to the installation of 5G technology. Everything point to the fact that Huawei has more to offer the tech world than just producing of mobile phones. Statistics portal StatCounter reported that a Chinese tech company Huawei controls 14 percent of the share of the German mobile market as of February 2019.
Even with the Google ban still in place, the Chinese tech giant, Huawei still managed to ship 6.9 million 5G phones in 2019.
Read also: Huawei’s sales revenue puts them 2nd in the world behind Samsung
On November 1, 2019, China launched the biggest 5G network in the world. The 5G commercial services are presently accessible in 50 cities, encompassing Beijing, Shanghai, Guangzhou and Shenzhen.
According to the Chinese state news agency Xinhua. In Shanghai, nearly 12,000 5G base stations have been initiated to support 5G range across the city’s key outdoor regions.
Huawei announced on February 21, 2020, in London that it has over 90 5G contracts across the globe.
“We have 91 commercial 5G contracts worldwide, including 47 from Europe,” Ryan Ding, president of Huawei’s carrier business group, told a press conference in London on Tuesday. “One year ago, I said we are leading by 18 months ahead of our competitors in 5G technology. Now, we still maintain that leadership.”
Huawei leads the 5G market share
The 5G market share as shown below currently shows Huawei leading, beating Nokia and Erickson respectively.
This explains why a ban on Huawei is being dismissed by some of the ancientest U.S. allies in Asia. The reason being that Huawei has a lot of influence with regard to 5G technology, making them the best option for countries with 5G ambitions.
Coronavirus outbreak effects on Chinese tech companies
Huawei is fighting the U.S on all fronts but the tech company is doing extremely well with 5G technology.
The Trump administration is currently contemplating on changing U.S. laws to cut Huawei off from global chipset distributions such as TSMC it is important the company focus more on 5G contracts.