Chinese consumers are rushing to buy smartphones from Huawei featuring their high-end Kirin chips, fearing that the firm’s access to American technology will soon cut production of its premium handsets.
Phone vendors in Huaqiangbei, the world’s largest electronics market, located in the southern city of Shenzhen, said prices for new and used Huawei In the last month, on an average, phones ranged from CNY 400 (roughly Rs. 4,400) to CNY 500 (roughly Rs. 5,400). Porsche Design Model of Huawei’s flagship Mate 30 A seller said CNY 14,000 (roughly Rs. 1,08,740) was selling CNY 14,000 (roughly Rs.1,52,200) in January. The phone was available at the same price on the online marketplace Taobao.
Consumers are increasingly concerned over the supply of components for new Handset, A seller said.
“Huawei phones are getting expensive, but this is supply and demand,” said the seller, who named her as Xiao. “If people like the brand, they will pay more, and who knows how many good chips they will have in the future?”
US Government Last Year Moved to stop Most American companies doing business with Huawei, the world’s largest manufacturer of mobile telecommunications equipment, and Smartphones The Chinese were ultimately accountable to the government. Huawei has repeatedly denied being a national security risk.
Richard u, CEO of Huawei’s consumer business later said the company would stop manufacturing it Kirin Chips on 15 September Due to US measures To cut its chipmaking unit HiSilicon From critical technology.
Wholesale marketers said they were busy meeting additional demand for online sales last month, with high-end phone prices rising every few hours. They were unsure how much supply remained in the distributors.
Huawei does not disclose inventory information. A spokesperson told Reuters that the firm continues to operate according to demand.
Analyst Will Wong of analyst IDC said it is likely that the chip inventory will run by the first half of next year.
“Wong said,” Kirin chips for them are an option short ship for the last long time.
Nonetheless Canals analyst Mo Jia said that launching Harmony would only be a “symbolic innovation” if Huawei no longer had the chip supplies to make high-end phones.
© Thomson Reuters 2020
Is Android One outstripping Nokia smartphones in India? We discussed it Of class, Our weekly technology podcast, which you can subscribe through Apple Podcast, Google Podcast, or RSS, Download episode, Or simply hit the play button below.