Last quote about ZTE
All quotes about ZTE
It is going to have a large ripple effect. It's very significant to many companies both in the U.S. and (outside the) U.S.
China is opposed to the US citing domestic laws to place sanctions on Chinese enterprises.
China is opposed to the U.S. citing domestic laws to place sanctions on Chinese enterprises. We hope the U.S. stops this erroneous action and avoids damaging Sino-U.S. trade cooperation and bilateral relations.
We hope this sends a strong message to ZTE, to China, and to other Chinese telecommunications companies who present serious national security risks not only by evading export controls, but by purposefully compromising supply chain security.
We believe the restrictions, if implemented, will cause significant supply problems to ZTE.
Apple and Samsung are still in the lead but we are seeing more competition from the Chinese brands like Huawei, like ZTE, like TCL Alcatel – and competition is getting extremely tough.
Everybody is launching a mid-range phone, because it is all about pricing. And we are definitely seeing that at the Sony launch, with the launch of the Xperia X, which is a mid-range phone. But Sony is doing it with their own style, it looks good, everything feels high-end, but the specifications are quite budget. And that is definitely in competition to what we see from the Chinese manufacturers.
We hope that in the next three to five years, ZTE will be among the top three smartphone vendors on selected markets.
So we are seeing the impact of the Chinese manufacturers here at Mobile World Congress.
In recent years, ZTE hasn't been doing too well, so adding these export restrictions is making a bad situation worse.