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The arrest of Huawei's chief financial officer at the request of the United States already has repercussions on US companies. And Apple could be one of the main depreciated.
No need to seek to understand how the Global Times – the Chinese state newspaper – interprets the arrest of Meng Wanzhou, chief financial officer of electronics giant Huawei.
"Banish Chinese companies such as Huawei will isolate the United States from the digital economy of the future," says an article.
It is this threat of isolation that can leave American technology companies on the alert. Meng was incarcerated for 12 days in Canada. The CFO was arrested at the request of the United States, accused of violating economic sanctions imposed by the United States on Iran – which he denies.
Such detention should mean at least more market stress for the US tech giants. , which has managed to establish itself on the important Chinese market.
About 20% of Apple's revenues last year, for example, came from China. "Some Western countries are using political means to resist Huawei's attempts to penetrate their markets," says a Global Time article.
"Failure to ensure reciprocal openness means that their businesses will not benefit from the benefits of the digital economy in China."
Blocked Sales
China has long complained that United States are unfair to their large technology companies, especially Huawei, a Chinese company that
Although it is not yet close to the annual profitability of the US company (Apple's earnings) is 266 billion dollars against 100 billion Huawei), the Chinese company has outperformed the American company. in the global sale of smartphones earlier this year.
Tuesday, a Chinese court banned the sale of old models of the iPhone as a result of a lawsuit for patent infringement between the US Apple and Qualcomm. The company claims that Apple has used in some models of iPhone a chip manufactured with technology patented by Qualcomm, without proper recognition.
This technology involves redefining the size of the photos taken with the smartphone and the possibility of using it. touch the screen for the use of applications. Both companies are fighting for similar Qualcomm actions in a number of countries.
Most experts felt that China would reject Qualcomm's request. Therefore, the banishment of iPhone models surprised. Apple has filed a call guaranteeing that the company will be able to maintain the handsets on sale in China until the final decision of the Court.
There is no direct link between this measure and the controversy surrounding Huawei. But the fact that it was adopted after the arrest of Meng and amidst the trade war import tariffs makes it a sign of strength for the Chinese.
The real success of Huawei, however, not smartphones themselves, but devices that make sense to have a technological phone. In short, if China believes that the United States unfairly harms the possibility for Huawei to be one of the protagonists of 5G technology, Huawei is positioning itself as a provider of 5G technology, the next generation of the mobile phone network.
Apple retaliation.
"The last thing technology investors did not want to see, is this news about Huawei's chief financial officer," said Dan Ives of investment advisor Wedbush.
] Have you stopped thinking about how it works?
"This is a fuel for retaliation."
Huawei Product Protection
The Wedbush consulting firm estimates at 350 million the number of iPhones arrive at a time when most users are looking for an upgrade. "That means that a quarter of the additional growth of the next three or four years will come from China."
Even without official intervention, the publicity given to Huawei's case and Outside the Vancouver Court where Huawei's chief financial officer was heard on Monday (10), members of China's Chinese community have clearly explained felt. They carried placards saying "Free yourself, Meng!" and told reporters to believe that the United States was intimidating Huawei and, by extension, China.
Yahoo News memos revealed that several Chinese companies had taken steps to promote among their employees the use of Huawei products.
"Canadian authorities were shocked by the arrest of Huawei's chief financial officer, Meng Wanzhou," said a memo to the staff of the refrigeration technology company Jiangxi Ruike.
Mutual Benefits
However, Apple's success in China has an aspect that can help contain the fury of the Chinese government. – Even if Meng is extradited to the United States and kept in jail.
Of course, Apple sells not only its equipment in China, but also produces it in China. Apple estimates that between 2017, it would have generated 4.8 million jobs in the sectors of production, retail and distribution.
In addition, the American society has opened research centers employing some of the most brilliant "
" They have relations with the Chinese government because they have been a major employer, "said Mr. Ives, leaving hear that this could limit Beijing's leeway.
"When burning Apple, China would to some extent burn the house itself. "
Apple did not respond to requests from the BBC report for comment.
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