Huawei says US ban will cost it $30 billion in lost sales over two years [CNN]
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Source: CNN
Huawei says US ban will cost it $30 billion in lost sales over two years Shenzhen, (CNN ) campaign "In the next two years, I think we will reduce our capacity, our revenue will be down by about $30 billion compared to the forecast, so our sales revenue this year and next year will be about $100 billion," Ren Zhengfei said Monday during a panel discussion at Huawei's headquarters in Shenzhen. The embattled Chinese tech firm added Huawei to a blacklist Huawei became the world's largest telecommunications equipment maker and the No. 2 smartphone brand, despite being locked out of the market for nearly a decade. But just four weeks on the trade blacklist is hitting the company hard, hurting its smartphone business and eroding its dominance in 5G equipment Read More So far this year, overseas smartphone unit sales have "dropped by 40%," Ren said. Mobile networks in countries like Japan and the United Kingdom have delayed the launch Google GOOGL Facebook FB forced to suspend access Thi
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