British Consumers Have Started To Dump Huawei Phones (latimes.com) 142
"British consumers have begun trading in smartphones from Huawei Technologies Co. in growing numbers since the Chinese tech giant was hit by a U.S. supply blacklist," reports Bloomberg:
Trade-in and price-tracking companies report a surge in U.K. consumers trading in devices from the Shenzhen-based manufacturer, while interest from buyers fizzles. The numbers show that concerns around the company have extended beyond trade talks and corporate procurement and turned into backlash at retail, where Huawei makes most of its sales.
Gadget trade-in website WeBuyTek, which buys and resells about 36,000 handsets a year, has seen a 540% increase in the number of Huawei devices booked this week versus last. That's the biggest jump it's ever seen, the company's director, Paul Walsh, said by email. "'We have temporarily stopped accepting any new trade-ins, as we expect the value of these devices to plummet," he said... The website www.SellMyMobile.com reported a rise of up to 282% in the number of people assessing the value of their Huawei handsets from May 20 to May 22, compared with previous days, according to a representative...
The rush follows the decision by BT Group and Vodafone Group to pull the Huawei Mate 20 X phone from their launches of fifth-generation wireless products. The British carriers joined others from around the world, citing uncertainty after Huawei was cut off from U.S. companies by new trade restrictions and barred from receiving software support for the Android operating system from Alphabet Inc.'s Google.
In other news, Microsoft removed Huawei laptops from its online store on Friday.
Gadget trade-in website WeBuyTek, which buys and resells about 36,000 handsets a year, has seen a 540% increase in the number of Huawei devices booked this week versus last. That's the biggest jump it's ever seen, the company's director, Paul Walsh, said by email. "'We have temporarily stopped accepting any new trade-ins, as we expect the value of these devices to plummet," he said... The website www.SellMyMobile.com reported a rise of up to 282% in the number of people assessing the value of their Huawei handsets from May 20 to May 22, compared with previous days, according to a representative...
The rush follows the decision by BT Group and Vodafone Group to pull the Huawei Mate 20 X phone from their launches of fifth-generation wireless products. The British carriers joined others from around the world, citing uncertainty after Huawei was cut off from U.S. companies by new trade restrictions and barred from receiving software support for the Android operating system from Alphabet Inc.'s Google.
In other news, Microsoft removed Huawei laptops from its online store on Friday.
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I don't understand. How is a consumer choosing to switch away from a specific brand related to business inventories?
Which businesses? Stocks of what? You're making no sense.
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You shills realize that you're losing badly on the US propaganda "battlefield" that the Slashdot has become, do you?
Slashdot - the most important website evah!
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Not surprisingly you don't understand the word "shill."
It served my purpose, triggering the shit out of you. My goals are to post stuff, watch you shills shills shills go nucking fits, then watch you scurry around with your deflections. It's its it is fun to watch people who try to deflect an article about Great Britain try to change it to 'Murrica.
Keep it up - like I said, Slashdot is playing you shills, and we are enjoying the hell out of it.
When one accurately states facts about a product (in this case Trump is the product; a tool if you will) that is not shilling.
Well there my little shill, you don't get to demand I use your definition. If I feel like calling you a shill,
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You live in a dream world dumbfuck. It didn't "trigger" shit. You suck at trolling. Off you go now ...
That's some mighty triggered words ya got there, my love.
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To be sure I have no doubt you desperately wished I was "your love." Sorry. You'll have to settle for chewing on the tiny fingered Don's wilted mushroom.
Hey, we got a live one here. Love it when a person with anger issues rises to the bait! Your fifth grade humour and insult level is amusing. Just to be certain, you are an actual adult aren't you? Anyhow, carry on. I have a second batch of popcorn brewing.
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Your mother would have had an abortion after your dad dateraped her but she couldnt afford it. Too bad your shithole country doesnt even have universal healthcare like even Cuba does!
Ohmygod - two on the same hook. Do go on, AC.
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Finally even if they were to ban the US from importing it, are they also going to ban exports to US allies? You'd have to for any real impact.
Not US allies, just any reexport/import to the US, which is all that's needed. To do that, all they need to do is copy exactly what the US has done with Huawei. Recall that the article is talking about Huawei being hit in the UK even though the UK haven't done anything about them. China can use the exact same strategy against the US.
Grab the popcorn because whatever the answer is, there will be a spectacle on the world stage to behold.
It's going to be a serious fucking mess. By going after a major technology player like Huawei, the US has made a direct assault on Chinese citizens (the putative owners of H
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The US has plenty of rare earth metals. People keep parroting the idea that China is the only place in world with rare earth deposits.
No, not really. Africa also has a ton of rare earth deposits, and preliminary surveys indicate Australia has quite a bit too. The problem with all of those is that they're not just lying on the ground waiting to be scooped up, while China is set up for full-scale production right now. I've seen a strategic resources estimate that it'd take between three to five years for the US to even start making up the shortfall, and that's with a crash program (ie. voiding a pile of EPA rules on pollution) and massiv
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I am not convinced that Trump's actions against Huawei are in good faith, and fear that this BSwill harm the U.S.'s reputation for decades to come (worse than Saddam's WMD). Further, I disagree with Trump on nearly everything, and I think his approach is incompetent with regard to China. But China's trade practices were "unfair" and they were evidently willing to grant major concessions (if they were not put in writing) because China has more to lose.
A bilateral deal with the US will keep the US out of the
Re: Hua? No Wei. (Score:2)
I am not convinced that Trump's actions against Huawei are in good faith
Get the fuck out of here; this is geopolitics... it's not about good or bad faith; it's about power and control.
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There is nothing China could do that would "crash" the US dollar. They don't own enough debt
They don't have to do it single-handedly, they just need to start the ball rolling, and they have enough to do that, taking advantage of the fact that other countries, and we're talking "most of the rest of the world" here, also want to get out from underneath the petrodollar. Once the bank run begins, everyone will be trying to sell their dollar-denominated assets, and no one wants to buy them, driving the value of the dollar down to who knows where. The US did this to the UK over the Suez Crisis (the UK
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Re: Hua? No Wei. (Score:2)
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e.g. blocking all exports of rate earths to the US, large-scale for the world, crashing the US dollar
Cost would go up, the rest of the world would shift to other suppliers but suggesting that it would "crash the US dollar" is just not accurate. The damage that this would do to China in the long term is far worse than the short term advantage.
https://www.japantimes.co.jp/n... [japantimes.co.jp]
While disruptive, any leverage gained from a supply block may be short-lived, experts said.
"This would accelerate moves to find alternative supply sources," said Kokichiro Mio, who studies China's economy at NLI Research Institute.
I wouldn't be surprised at all to see them try to manage it by limiting supply and/or increasing cost to apply some pressure. But it has to be very delicately balanced or it will have serious long term repercussions for China.
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The US is sitting on large amounts of rare earth elements. The US closed down most of the domestic mining operations because it was cheaper to buy the materials abroad due to environmental regulations. "Rare" earth elements are really not rare they are just a pain in the ass to mine. Rare element extractions make oil extraction operations look like green initiatives.
Lackey of Trump? (Score:2)
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Of course if you tell a lie often enough, people will start to follow it out of imaginary social pressure and the chilling effect, until it has become a self-fulfilling prophecy.
Which is the point of fake news.
That's an interesting point but leaves you wide open to a query of.. who's pushing the fake news here? Bloomberg or you?
Given that Bloomberg has an international reputation and referenced its sources, and you're an anonymous person that has provided none..
And still..... (Score:3, Interesting)
Politicians just destroying a Chinese company. FUD.
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...not a single, publicly released piece of technical proof of any evil-doing. Politicians just destroying a Chinese company. FUD.
Well the Chinese can do this too. Make a list of all the American/British companies that have spend years getting into the Chinese market and watch their market share evaporate. Lather rinse and repeat for any country that follows Trump's lead. One of the major lessons of the great depression was that nobody gains from tariff wars, but because America decided to elect a complete moron into the White House, we now have to suffer through an object less on in something we already know.
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Modern economists don't really put much stock in the idea that tariffs played a significant role in the great depression. The main reasons for it were gross overproduction that hit right at the same time of a massive credit bubble bursting. The effect of that was manufacturers had bought and produced on credit, assuming others would buy on credit in a market where banks were suddenly going belly up left and right because of the credit fiasco.
So says the guy who is still repeating 18th century nonsense by a grain merchant with a vested interest in reducing his tax burden (hint: David Ricardo).
Tariffs played no significant role in the Great Depression? It seems some economists disagree with you: https://krugman.blogs.nytimes.... [nytimes.com]
Protectionism was a result of the Depression, not a cause. Rising tariffs didn’t even play a large role in the initial trade contraction; like the spectacular trade contraction in the current crisis, the decline in trade in the early 30s was overwhelmingly the result of the overall economic implosion. Where protectionism really mattered was in preventing a recovery in trade when production recovered.
You can go on til you are blue in the face but you will never convince me that tariffs and trade wars are a good idea.
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Its kind of moronic to accept a $500B trade deficit too.
Might as well vacuum every penny the middle class has out of the country. I suppose that is why they don't have any right?
Throwing up tariff barriers will not solve that. All tariff/trade wars do is kill trade which just makes everything worse. I suppose the one bright spot in all of this is that since successive generations of far-right true believers seem to have to re-learn basic truths like "never get into a land war in Asia" or in this case "nobody wins a trade war" perhaps when the dust from all of this settles the entire far-right community will have re-learned by going ahead and doing, that which they could have learne
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What trade? We are buying piles of junk from other countries using unicorn money. If it was actual trade, we wouldn't have run a $891B deficit last year. Sounds like a giant trade war is underway and the US has been taking it in the ass over it.
> far-right
Where are the ovens? Where are the death squads?
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All this is going to come back on us when China retaliates. It's not going to be pretty.
Re: And still..... (Score:2)
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Exactly. China's steel dumping has damaged domestic steel production in a number of countries, including Canada. It's. It that targeted tariffs are necessarily bad, but unfocused and inexplicable tariffs against close allies who have their own grievances against China is completely counterproductive.
Re: And still..... (Score:2)
Well the Chinese can do this too.
No, not so much.
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Trump has suggested that there's an easy fix for the Huawei "security issues," and similarly to their CFO's legal issues, [fortune.com] it involves making concessions in his stupid-ass trade war:
https://www.bbc.com/news/busin... [bbc.com]
Re:And still..... (Score:4, Insightful)
That statement right there tells everyone that the security threat from Huawei is a load of BS. If only the other countries would call him out on it.
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Free trade is only fun as long as the US wins.
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Much like any other treaty the USA signs, only if it blatantly favours the USA and the second it longer does, treaty cancellation and new USA favourable treaty, not once but every single time throughout the history of the USA. Basically never in it's history has it been a government that can be trusted, simply not in it's DNA.
Re: And still..... (Score:2)
Politicians just destroying a Chinese company
They're not just destroying a Chinese company any more than one anything important.
Re: And still..... (Score:2)
that begin to stink (Score:5, Interesting)
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I'd have a whole lot more sympathy for the US if they'd file their complaints at https://www.wto.org/ [wto.org]
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That's how it's supposed to work. You're supposed to complain to the WTO, and through them the international community takes collective action.
Plan B, for the slightly roguish state, is to impose unilateral sanctions, tariffs, whatever. The US is big enough that they can do this, and it will hurt.
This thing where the US imposes sanctions and then automatically enacts sanctions against anyone who doesn't follow suit is new.
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Re: that begin to stink (Score:2)
If only we had a planetary government to take care of this.
I.E. "if only we had an even bigger and more powerful government to tell us what to do."
Good Christ, are you a fucking idiot.
Re: that begin to stink (Score:2)
Most probably as a form of economic attack
An economic defense.
Re: that begin to stink (Score:1)
The thing is, US, with help of their allies, used to crush not only commercially but also physically, and not only corporations, but also sovereign countries, routinely.
But those weren't as mighty as this particular country and corporation at the moment. In the meantime, US warships lately tend to crash around, their tired sleep-deprived staff get scammed back home when paying taxes
It's paywalled and I can't be bothered (Score:2)
I'm just skeptical that enough consumers are paying enough attention to politics and tech combined to realize the impact of them not getting Google updates. And somebody that tech savvy can just side load the updates if google stops pushing them anyway.
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You're using a rounding method I'm not familiar with. Please describe how it works.
This is going to backfire so hard (Score:1)
Do the American tech industries already know they can kiss their global market share goodbye?
It's time. (Score:1)
Reasons: 1. Consumers dumping it. Screw the "trends" and dumb consumers that behave like hordes of zombies.
2. White House / USG dumping it. Screw the USG and their shit arbitrary self-interest laws written and enforced by total subhuman scum.
Be a rebel.
Re: It's time. (Score:2)
To buy Huawei phone with LineageOS.
One doesn't generally "buy phone with Lineage;" one unlocks their bootloader - if it can even be done - and proceeds from there.
Can Huaweis [with full support for US frequencies] even be unlocked?
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Re: It's time. (Score:2)
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Which is something of a shame as there are a large number of very capable phones suddenly available at unusually low prices.
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Bloomberg is based in the U.K? And just why would a Democrat media company be supporting Trump's agenda?
The story isn't saying that there is anything wrong with the phones*. Just that people are dumping them. That's not a dig at Huawei but a demonstration of how easily led consumers are by U.S. P.R.
*Unless you consider that they might not want to get stuck with an orphaned phone with no Android updates available.
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GCHQ is infamous for being the worst spying and fake news agency in all of Europe
erm. GCHQ is famous for being one of the best spying organisations in the world and is not the part of the British establishment that initiates and disseminates fake news.
That's the BBC.
This is just as "real" as their "proof" of Saddam having WMDs.
GCHQ have never published anything claimed to be proof of that.
Let's be very clear: I'm not saying "like China". Please fucking don't! I'm saying if you play along with this bullshit, you are turning the USA into another China / Russia / Nazi Germany / North Korea, and hence officially hate America, the free market, democracy and Jesus. So good luck on calling ME a " ChiCom", whatever that is.
It's ok, I wont call you a "ChiCom", whatever the fuck one of those is. I'll call you an idiot instead.
Good little sheep (Score:1)
Good for China (Score:2, Flamebait)
In the long run this will lead to China and the parts of the world where US does not have control developing strong competing technologies. China is large, well educated, and efficient, so it will pull this off. In the short run, this will hurt US companies who have been supplying Huawei. Either way, that's a loss for the US, and probably no big deal (if not a long-term positive effect) for China.