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Huawei Chief Executive Officer: Revenue Will Skip Early Forecast With $ 30 Billion



"Over the next two years, I think we will reduce our capacity, our revenue will decline by about $ 30 billion compared to the forecast, so sales revenue this year and next year will be about $ 100 billion. , said Ren Jennifer. said on Monday during a panel discussion at Huawei headquarters in Shenzhen.

The Chinese technology company has become a flash point in the US-China trade and trade war. Trump's administration struck a huge blow on May 16, when Huawei added a blacklist that forbids US companies to sell it without first getting a license for it. Huawei has become the world's largest telecoms maker and 2nd smartphone brand, although it has been shut down for decades from the US market.

But just four weeks on the US black list of trade hit the company, hurting its smartphone business and undermining its dominance in 5G equipment.

So far this year, sales of smartphones abroad have fallen by 40%, Rehn said. Mobile networks in countries such as Japan and the United Kingdom have delayed the launch of Huawei smartphones and companies such as Google ( GOOGL ) and Facebook FB ) were forced to discontinue access to some of their services from the new devices of the Chinese company.

This is a developing story.


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