A Wall Street firm figured out how much money Google will sacrifice by cutting off Huawei (GOOG, GOOGL)
|05/25/2019||Posted by BusinessMediaguide.Com under General World News||
- President Trump’s blacklisting of Huawei led Google to announce that it would be pulling its Android license from smartphones made by the Chinese manufacturing giant.
- That means users with new Huawei devices will no longer be able to download apps from the Play Store, which could cost the tech giant hundreds of millions of dollars per year.
- Analysts at Nomura Instinet wrote that Google could lose between $375 million and $425 million per year in a “worst case” scenario from the Huawei ban.
- Managing Director at Wedbush Securities, Dan Ives, estimates that it will be closer to $150 read more >>>