Oct 20, 2019 | Updated: 10:42 AM EDT

Top analyst says, US blacklisting Huawei could boost Samsung and Apple

Jun 21, 2019 11:03 AM EDT

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Samsung and Apple could benefit in the smartphone market after the United States put Huawei on a blacklist that effectively bans U.S. firms from doing business with it, TF International Securities analyst Ming-Chi Kuo wrote in a note distributed on Saturday.

The move from the Trump administration could restrict Huawei from sourcing components from U.S. companies for its products and services, including some key Google Android software, leading to reduced smartphone shipments and forcing Huawei to find replacements for U.S.-banned components, according to the research.

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