Huawei says U.S. ban hurting more than expected, to wipe $30 billion off revenue

HONG KONG (Reuters) – China’s Huawei Technologies Co Ltd has taken a harder-than-expected hit from a U.S. ban, the company’s founder and CEO Ren Zhengfei said, and slashed revenue expectations for the year. Ren’s downbeat assessment that the ban will … Continue reading Huawei says U.S. ban hurting more than expected, to wipe $30 billion off revenue

Huawei says U.S. ban hurting more than expected, to wipe $30 billion off revenue

HONG KONG (Reuters) – China’s Huawei Technologies Co Ltd has taken a harder-than-expected hit from a U.S. ban, the company’s founder and CEO Ren Zhengfei said, and slashed revenue expectations for the year. Huawei founder Ren Zhengfei attends a panel … Continue reading Huawei says U.S. ban hurting more than expected, to wipe $30 billion off revenue

Huawei prepares for 40%-60% fall in international smartphone shipments: Bloomberg

(Reuters) – Huawei Technologies Co Ltd is preparing for a 40% to 60% decline in international smartphone shipments, Bloomberg reported on Sunday. FILE PHOTO: Huawei’s new Honor 20 smartphone at a product launch event in London, May 21, 2019. REUTERS/Peter … Continue reading Huawei prepares for 40%-60% fall in international smartphone shipments: Bloomberg

Huawei prepares for 40%-60% fall in international smartphone shipments: Bloomberg

(Reuters) – Huawei Technologies Co Ltd is preparing for a 40% to 60% decline in international smartphone shipments, Bloomberg reported on Sunday. FILE PHOTO: Huawei’s new Honor 20 smartphone at a product launch event in London, May 21, 2019. REUTERS/Peter … Continue reading Huawei prepares for 40%-60% fall in international smartphone shipments: Bloomberg