Huawei wanted to be No. 1 in smartphones by 2020. Trump may have ended that dream

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Huawei wanted to be No. 1 in smartphones by 2020. Trump may have ended that dream
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Huawei has rapidly risen to become the second-largest smartphone player in the world, but it still hasn’t managed to overtake Samsung.

, Huawei has rapidly risen to become the second-largest smartphone player in the world. It still hasn't managed to overtake Samsung, which sits at the top, as Yu had hoped.has hurt Huawei, according to analysts.

, which restricted American firms' ability to do business with the Chinese tech giant. Huawei relies heavily on components and software from U.S. companies. Data from research firms, International Data Corporation and Counterpoint Research, show how the U.S. sanctions have hurt Huawei's performance globally.

But as the effect of the blacklist took hold, Huawei's market share dipped to 15.2% in the fourth quarter and fell to third place behind Apple.

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