Huawei hammered: Chinese tech giant forecasts 40% drop in smartphone sales after US blacklisting nightmare
|06/17/2019||Posted by BusinessMediaguide.Com under General World News||
- Huawei is forecasting a 40% drop in international smartphone sales in 2019 after it was blacklisted in the US.
- The firm’s CEO Ren Zhengfei confirmed the news at an event on Monday after it was first reported by Bloomberg.
- The outlook is so bad that Huawei is considering pulling the Honor 20 phone, which launches in Europe later this month.
- Visit Business Insider’s homepage for more stories.
Huawei has confirmed that it is anticipating a giant drop in smartphone sales this year after it was blacklisted by US President Donald Trump’s administration.
Speaking at a livestreamed event at Huawei’s headquarters in Shenzhen on Monday, read more >>>