Already detrimental to Huawei's smartphone business, the US ban will impact the telecom and enterprise equipment market in the long run

With Huawei already stocking up on crucial components, the US Commerce Department's ban will not stop Huawei from providing its products and services in the short term. However, the ban has spooked consumers, enterprises and telecom operators, shaking their confidence in Huawei's ability to continue delivering quality products and services in the future.