Huawei could experience a Nokia-rivaling fall from grace in 2021 – PhoneArena

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Huawei surprised the world last quarter when it overtook Samsung to become the number one smartphone manufacturer. But soon, the Shenzhen-based company could experience a historic fall from grace.

Huawei is expecting a 75% drop in sales next year

The Elec has learned from people with direct knowledge of the matter that Huawei recently shared its all-important internal smartphone sales forecast for 2021 with a group of South Korean subcontractors. Unsurprisingly, the numbers look extremely bleak. Huawei is reportedly planning to produce around 50 million smartphones next year, which would represent a decline of almost 75% when compared to 2020 sales estimates.

The company shipped an incredible 240 million smartphones throughout 2019 and is expected to ship 190 million units this year. The targets for 2021 are equal to 21% and 26% of these totals respectively.

Huawei’s reduced shipment target comes shortly after it cut component orders for the upcoming Mate 40 and Mate 40 Pro by 30% in light of recent sanctions. Come September 15, the company will no longer be able to manufacture Kirin chipsets or purchase chipsets that rely on US technology.


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