Edition:
United States

Fitch Ratings Says Samsung To Gain From Huawei's Difficulties


Sunday, 26 May 2019 09:22pm EDT 

May 26 (Reuters) - Fitch : :FITCH RATINGS SAYS SAMSUNG TO GAIN FROM HUAWEI'S DIFFICULTIES.FITCH SAYS EXPECTS CHALLENGING OUTLOOK FOR SMARTPHONE MANUFACTURERS TO CONTINUE IN 2019.FITCH - LOSS OF ACCESS TO GOOGLE'S ANDROID OPERATING SYSTEM COULD SIGNIFICANTLY HURT HUAWEI'S SMARTPHONE SALES OUTSIDE CHINA.FITCH SAYS RESTRICTIONS ON US COMPANIES PROVIDING HARDWARE, SOFTWARE AND COMPONENTS TO HUAWEI'S SMARTPHONE BUSINESS COULD STIR UP SMARTPHONE INDUSTRY.FITCH-U.S.-HUAWEI TRADE ISSUE MAY GIVE SAMSUNG OPPORTUNITY TO ACQUIRE EARLY LEAD IN SMARPHONE MARKETS,BUT WILL DEPEND ON HOW LONG SANCTIONS WILL LAST.FITCH - CONSUMERS USED TO ANDROID OPERATING SYSTEM LIKELY TO CONSIDER BUYING OTHER SMARTPHONE BRANDS THAN HUAWEI, SAMSUNG COULD RESTORE MARKET SHARE.FITCH SAYS APPLE COULD BE ANOTHER VICTIM OF U.S.-CHINA TRADE WAR AND ITS MARKET-SHARE LOSS MAY ACCELERATE IN CHINESE MARKET.