Friday, 21 June , 2019     |     2190      |      +      |     

Huawei says US ban will cost it $30 billion in lost sales

Huawei says US ban will cost it $30 billion in lost sales : Google
  • Gulf TV, Kuwait

Huawei will miss sales forecasts by about $30 billion over the next couple of years because of a US campaign against its business, the founder and CEO of the Chinese tech company said Monday. “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 during a panel discussion at Huawei’s headquarters in Shenzhen. Sales last year grew by about 20% to 721 billion yuan ($104 billion).

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Category: #Gulf TV, Kuwait | 2019/06/21 latest update at 7:00 AM
Source : CNN | Photocredit : Google
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