Ren Zhengfei, founder and chief executive of Huawei Technologies, said the company should learn from Apple to set higher prices so that “competitors will be able to survive”, as the Chinese firm remains on the defensive against US accusations that its products could be used for spying.
Huawei, the world’s largest telecommunications equipment supplier, has long been criticised for undercutting rivals by offering its products at cheaper prices to win contracts. Now, Huawei is refuting claims that it would sell 5G mobile network gear below market prices.