Apple Faces New Challenge As Huawei Advances Domestic Chip Tech In Mate 70 Series Amid US Sanctions: Report

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Apple Faces New Challenge As Huawei Advances Domestic Chip Tech In Mate 70 Series Amid US Sanctions: Report - Benzinga

Quick Summary:

What Happened: The new chip will power select models in Huawei's Mate 70 lineup, which is expected to launch next week, reported the Wall Street Journal, citing people familiar with the matter.

In the third quarter of this year, Huawei's market share in China grew to 15.3% from 8.6% last year, positioning it as a significant competitor to Apple Inc.(NASDAQ:AAPL) in the high-end smartphone market.

See Also: Huawei, Riding High On Trifold Success, Launches Revolutionary Laptop Powered By Homegrown Chips, Software — China Ready To Break Free From US Tech Dependence?