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Samsung may gain from Huawei's plight in ongoing trade war: Fitch
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Invitees to the 'Galaxy Unpacked 2019' observes Samsung Galaxy S10, Galaxy S10+ and Galaxy S10e displayed at Bill Graham Civic Auditorium, San Francisco during the launching of the smartphones on Feb. 20, 2019. (JP/R. Berto Wedhatama)
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amsung Electronics Co Ltd may have a chance to strengthen its position in the smartphone market due to the hurt caused to Huawei Technologies Co Ltd in the wake of U.S.-China trade tensions, according to Fitch Ratings.
Tech companies, including Google and SoftBank Group-owned chip designer ARM, have said they will cease supplies and updates to Huawei.
Read also: Huawei's own operating system may be ready this year: Report
The loss of access to Google's android system may hurt the smartphone sales of the Chinese technology company outside China, thereby giving Samsung a chance to improve its market share, Fitch Ratings said in a statement.
Earlier this month, the U.S. government hit Huawei with severe sanctions as the U.S. Commerce Department blocked the Chinese company from buying American goods amid its escalating trade spat with China.
The ratings agency also added that iPhone maker Apple Inc could be another casualty of the trade tensions between Beijing and Washington, which would accelerate its market share loss in China.
