In May, Trump and his administration has enforced a trade blacklist on Huawei, thereby forbidding US-based companies to do business with the Chinese firm.
Some have suggested that Huawei try to retaliate on the move against them by blacklisting a US company such as Apple, but Ren Zhengfei, Huawei founder, stated that he wouldn’t think of doing such a thing.
In a Bloomberg interview, Ren attributed to Apple as his “teacher” and “world’s leading company”. Goldman Sachs speculate that Apple shares could tumble down to as much as 29% if China stops importing the Cupertino company’s products.
The Huawei founder is confident that his company can prevail even with the trade ban in place, and has stated that in-house technology may be ramped up to replace components that are unavailable to them.
Chinese media have started reporting that local consumers are ditching iPhones for Huawei devices to show their support. Social media campaigns have also started urging Chinese consumers to get Huawei products instead of Apple goods.
