Since Google canceled its license to Huawei, it will be tough for Huawei to survive. It will be tough but not impossible. Huawei is a top brand for making smartphones.
Bear in mind that in China, Google is prohibited. China, probably Huawei's largest market, the cancellation of Huawei’s license by Google, will not affect or have little effect on this market.
However, other Asian countries, European countries, African countries, and the North American market will be greatly affected by this change. The company will lose many of their loyal customers at this time. This is a hard time for the smartphone company. I do hope they pull through this tough time.