US Ban Effect: Huawei Calls Off New Laptop Launch

Huawei has announced its decision to call off the launch of a new laptop over the US government's decision to blacklist it

Huawei

Huawei has announced its decision to call off the launch of a new laptop over the US government’s decision to add the Chinese company to a trade blacklist. As a result of the US ban, Huawei cannot undertake business with American suppliers without special government approvals.

This is the first time Huawei has cancelled a product launch after the US decision to add it to the Entity List. There is no clarification on whether the upcoming launch of the laptop has been postponed to a later date or cancelled completely, as it depends on how long the US plans to keep it in the Entity List.

Although Huawei is traditionally focused on selling telecom equipment, the company ventured into consumer electronics in 2018, offering a range of smartphones, tablets and wearable devices. So far, the company has not experienced any disruption in existing business as it tries to mitigate the effect of the ban through stockpiling components and looking to create an alternate OS for its devices.

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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