America’s favorite corporate punching bag, Huawei, has just been given another black eye in a market it recently had high hopes of finally tapping.
The largest US electronics retailer, Best Buy, has stopped all orders of the Chinese tech giant’s smartphones and will cease sales of Huawei products over the next several weeks, CNet reports.
“We don’t comment on specific contracts with vendors, and we make decisions to change what we sell for a variety of reasons,” a Best Buy spokeswoman said without elaborating.
As recently as January, Huawei was poised to make a breakthrough in its efforts to make inroads into the US smartphone market. A deal to sell its handsets through AT&T fell through at the last minute under pressure from the US government, amid cyber-espionage concerns.
The failure to strike the deal meant the company was in effect already shut out of the US market, as most phone sales are made through service plans with carriers. Best Buy’s decision amounts to kicking the dead horse that is Huawei’s smartphone prospects in the US market.
Time to sell treasuries back to USA. Who wants to buy greenbacks when the US treasury is printing monopoly money.
Every Chinese returning from China will have 10 suitcases of $0.99 goods.
Soy, Hog, pork, Boeing will be impacted. No more stinky chicken feet from USA. Nobody brought chicken feet except the Chinese.
No more USA beef.
and Since Huawei can’t be sold in USA, the price of iPhone will go up in China.
geee!!!!!!! yah thunk APPLE had anything to do with this?????????????