US sanctions on Huawei hurt company’s market share, says company executive

Beijing: Chinese tech giant Huawei lost its smartphone market share to key rivals including Apple and Samsung as a result of sanctions imposed by the United States, according to a top company executive.

“In less than two years, the United States slapped four rounds of sanctions against Huawei, with each round harsher than before. (The sanctions) caused extreme difficulties to Huawei’s consumer businesses and made it impossible for us to ship our products,” Richard Yu, the CEO of Huawei’s consumer business group, was quoted as saying in a social media post by Sputnik.