Best Buy Inc ends relationship with Huawei

Huawei is likely to fall back to its old strategy of selling its smartphones in the U.S. only through open channels.

As per a source familiar with the matter at hand, Best Buy Co Inc, the largest U.S. consumer electronics retailer, will stop procuring smartphones from Chinese telecom equipment maker Huawei and selling them over the next few weeks.

“We don’t comment on specific contracts with vendors, and we make decisions to change what we sell for a variety of reasons,” said a spokesman for Best Buy.

In 2017, Huawei’s planned deal with AT&T Inc, to sell its smartphones to the U.S. carrier collapsed at the last minute after U.S. lawmakers pressured AT&T to cut ties with Huawei.

After this, Huawei decided to sell its Mate 10 Pro, its flagship smartphone, only through open channels in the United States.

According to media reports, Verizon Communications Inc also ended its plans to sell Huawei’s smartphones in 2017.

Huawei could not be immediately reached for comment.


Categories: Creativity, Entrepreneurship, Geopolitics, HR & Organization, Strategy

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