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General

Huawei sees US ban costing around USD 30 bln in revenues this year

Monday 17 June 2019 | 09:31 CET | News
Huawei expects the US ban on doing business with the company could take around USD 30 billion off sales this year. CEO Ren Zhengfei said at a meeting at the company's headquarters in Shenzen that Huawei had been hit harder than expected by the US government actions and lowered the sales outlook for this year and next.  

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Categories: General
Companies: Huawei
Countries: World
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