Chinese companies reduce supply of smartphones to Russia
Business
- 10 March, 2022
- 06:13
Add Report.az to preferred Google sources
Stay up to date with the top news!
Chinese manufacturers Xiaomi, Oppo, and Huawei, have reduced the deliveries of their gadgets to Russia, citing problems with logistics and pricing.
Report informs, referring to The Financial Times, that shipments from Chinese manufacturers Xiaomi, Oppo, and Huawei have been at least halved. These smartphone manufacturers are responsible for about 60% of the Russian market.
Openly announcing the suspension of sales in the Russian market, like Apple and Samsung, is politically sensitive, one of Huawei's former heads said, adding that from a business point of view, it makes sense to stay on the sidelines and see what happens next.
Latest News
23:57
The Hill: North Korean hackers may be behind Binance cyberattack
Other countries
23:42
US begins evacuating diplomats from Saudi Arabia
Other countries
23:22
US State Department approves sale of 500 Patriot missiles to Ukraine for $2.1B
Other countries
23:01
Three soldiers drown during military exercise in Uruguay
Other countries
22:47
UAE says oil leak from Gem No. 2 tanker has been stopped
Energy
22:35
FBI and US Secret Service launch investigation into Binance hack
Other countries
22:07
Costa: We are deepening political partnership with Canada
Other countries
21:56
US Treasury extends NIS operating license
Other countries
21:36
Brnabic: Serbia must hold presidential election by December 27
Other countries