Huawei P series and Mate series are considered among the very very best in the world. Nothing cheap about the Huawei Mate 20 Pro. Huawei P20 Pro and Mate 20 Pro are considered the Android phones to beat along with the Google Pixel 3 and Samsung Note 9. And when it comes to camera, DXMark have Huawei at the top with the P20 Pro and now the Mate 20 Pro, beating out the likes of Samsung, Apple and Google. These top end phones are not cheap, you are looking for $1200 without a contract plan.
Huawei is now number 2 in sales units.
Your sense of the electronics industry is just as bad as economics as the actions of the Fed doesn't line up with your theories.
Just as a bit of a segue on this topic, I am rather impressed at how Huawei has managed to reinvent itself in the consumer electronics/smartphone space in the last five or six years.
Back then they were only offering relatively cheap, average quality phones. Average software, uninspiring camera, serviceable design at best.
But since the P8/9 they've really begun to attack the more premium segment and the P10/Mate 10 of last year and the P20/Mate 20 families of this year really do elevate them into the few smartphone companies making high end, premium smart phones with all the bells and whistles and unique designs -- that still manage to sell units.
I think some of Huawei's midrange units still make up a good portion of its overall sales, and that segment simply can't really be ignored for any serious smartphone company apart from possibly Apple or Google's confusing Pixel line. But at this point in time it goes without saying that Huawei is now one of the serious smartphone players with a credible premium punch and some unique features to put it in the same category as S/Note family, Pixel, and iPhones.
This isn't even considering other Chinese smartphone makers that have garnered popularity like Xiaomi/Poco, BBK's groups (Oneplus, Oppo, Vivo), and even ZTE, who have all come out with some more interesting and better phones than the likes of Motorola, LG, Sony, HTC, Asus, Blackberry over the last year or so. The latter just aren't the big players that they once were -- even ignoring that Motorola is a Lenovo subsidiary and Blackberry's phones are made by TCL.
The idea that Chinese smartphone or consumer electronics brands are merely no-name products meant to pad out the low end is something that's like five or six years out of date.
