Samsung and Apple could benefit in the smartphone market after the United States put Huawei on a blacklist that effectively bans U.S. firms from doing business with it, TF International Securities analyst Ming-Chi Kuo wrote in a note distributed on Saturday.

The move from the Trump administration could restrict Huawei from sourcing components from U.S. companies for its products and services, including some key Google Android software, leading to reduced smartphone shipments and forcing Huawei to find replacements for U.S.-banned components, according to the research.

The analysis, from one of the top analysts covering the Asian and Chinese hardware supply chains, is an early look to how the export ban could impact Huawei's smartphone business, which is currently the second-largest smartphone brand in the world after Samsung, but ahead of Apple.