Huawei hammered: Chinese tech giant forecasts 40% drop in smartphone sales after US blacklisting nightmare

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Huawei hammered: Chinese tech giant forecasts 40% drop in smartphone sales after US blacklisting nightmare
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The outlook is so bad that Huawei is considering pulling the Honor 20 phone, which launches in Europe later this month.

Huawei is forecasting a 40% drop in international smartphone sales in 2019 after it was blacklisted in the US. The firm's CEO Ren Zhengfei confirmed the news at an event on Monday after it was first reported by Bloomberg. Visit Business Insider's homepage for more stories. Huawei has confirmed that it is anticipating a giant drop in smartphone sales this year after it was blacklisted by US President Donald Trump's administration.

Huawei is forecasting a 40% drop in international smartphone sales in 2019 after it was blacklisted in the US. The firm's CEO Ren Zhengfei confirmed the news at an event on Monday after it was first reported by Bloomberg. Visit Business Insider's homepage for more stories. Huawei has confirmed that it is anticipating a giant drop in smartphone sales this year after it was blacklisted by US President Donald Trump's administration.

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