Samsung and LG might suffer sales decline in the US, says analyst
One of the subjects he discussed is higher tariffs on foreign tech products. And this seems to be a major concern for Samsung and LG right now. Both companies are based in South Korea, but hold a good portion of the US smartphone market (26% for Samsung and 13% for LG).
And while the two South Korean companies are the ones that will probably take the hardest punch, such events would affect other foreign companies too. The China-based Xiaomi would be a good example, as the company has been very outspoken about its attempts to enter the US market race, but it might prove quite difficult if tariffs become higher.
Another Chinese company that could also have some difficulties would be Huawei, since it mentioned a Mate 9 release in the US, which would be its first push in that market. It was rumored that the release will be happening in January, but nothing is officially confirmed yet.
Either way, such circumstances would benefit US-based manufacturers, such as Google, Apple and Microsoft. So, we might see some shifts in the US market shares next year, once Trump enters the Oval Office.
source: TheInvestor via SamMobile
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