Huawei CEO and founder Ren Zhengfei said that the Chinese tech company will report revenues of around $100 billion in 2019 and 2020, which would be flat growth versus 2018.
Huawei CEO and founder Ren Zhengfei said the company's revenue will be about $100 billion for 2019 and 2020.
Ren said that Huawei will reduce its production capacity which will equate to a $30 billion hit to revenue versus its forecasts. He also said that over the next two years, Huawei will "do a lot of switch over of different product versions," but did not specify if it meant finding replacements for American components.A Huawei logo displayed at a retail store in Beijing.
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