Customers at a Huawei licensed experience store shop for devices on October 30, 2020 in Suzhou, China.
Fred Lee | Getty Images News | Getty Images
GUANGZHOU, China — Huawei’s smartphone shipments have continued to plunge as a result of U.S. sanctions, sending the once No. 1 vendor in the world tumbling below rivals like Apple.
The Chinese technology giant shipped 33 million smartphones globally in the fourth quarter of 2020, a 41% year-on-year decline, putting its market share at 8%, according to data released by Counterpoint Research on Thursday.
Data released Thursday by Canalys showed Huawei shipped 32 million smartphones in the fourth quarter, down nearly 43% from last year. It’s the first time Huawei has slipped out of the top five in six years, Canalys said.