China’s Huawei expects a $30 billion dent in revenue—for the first time quantifying the potential impact of the U.S. blacklisting
The U.S. campaign against Huawei Technologies Co. is taking a toll, with the company’s founder forecasting a hit to revenue of about $30 billion over the next two years.
Ren Zhengfei said he expects revenue of about $100 billion for Huawei in 2019, a decline from last year’s roughly $107 billion, following lower-than-expected growth in the wake of a U.S. export blacklisting and other actions against the Chinese technology giant. Mr. Ren had earlier targeted 2019 revenue to come in around $125 billion. The privately held...The U.S. blacklisting of Huawei is cutting off American businesses from a big client.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
HuffPost is now a part of Oath
Consulte Mais informação »
Huawei founder says revenue will be billions below forecastThe Chinese telecom giant will reduce capacity but U.S. moves to restrict its business 'will not stop us.'
Consulte Mais informação »
Huawei hammered: Chinese tech giant forecasts 40% drop in smartphone sales after US blacklisting nightmareThe outlook is so bad that Huawei is considering pulling the Honor 20 phone, which launches in Europe later this month.
Consulte Mais informação »
Huawei prepares for 40%-60% fall in international smartphone shipments: BloombergHuawei Technologies Co Ltd is preparing for a 40% to 60% decline in internationa...
Consulte Mais informação »
U.S. chipmakers quietly lobby to ease Huawei ban: sourcesHuawei's American chip suppliers, including Qualcomm and Intel, are quietly...
Consulte Mais informação »
Huawei founder says revenue will be billions below forecastThe Chinese telecom giant will reduce capacity but U.S. moves to restrict its business 'will not stop us.'
Consulte Mais informação »