IRobot, famous for its Roomba smart vacuum cleaners, saw a steep 20% drop in the stock market. This decline was the result of weak sales in August and September, revealed in the third quarter report.
The impact is most noticeable in the United States, the company's home country. IRobot recently raised its product prices in the United States in response to a 25% increase in import and export taxes between China and the United States.
IRobot CEO Colin Angle himself pointed to the trade war as a major factor driving down sales. Angle says the company is doing everything it can to continue to provide quality products despite rising prices. The CEO added that the market growth of most US companies will be affected by this dispute.
Huawei is probably the biggest victim of the trade war
The year 2019 is not being easy for Huawei. The Chinese giant has been witnessing the destruction of its mobile business strategy because of the US-China trade war. This situation had more impact in the summer, when the US banned Huawei from buying technology from US companies.
That's when Huawei's biggest problems began. Unable to negotiate with US companies, the manufacturer was unable to secure the Android operating system for its equipment. The Mate 30 line was the first to be affected as a general international release is still awaited.
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