Huawei CEO and founder Ren Zhengfei said the company's revenue will be about $100 billion for 2019 and 2020.
Ren said that Huawei will reduce its production capacity which will equate to a $30 billion hit to revenue versus its forecasts. He also said that over the next two years, Huawei will "do a lot of switch over of different product versions," but did not specify if it meant finding replacements for American components.A Huawei logo displayed at a retail store in Beijing.
Hey MAGA... serious question. If realDonaldTrump told you to wear a big, red novelty sized bow tie instead of the ballcap... would you wear it?
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Huawei Founder Quantifies Potential Impact From U.S. ClampdownSpeaking at an event at Huawei's headquarters, founder Ren Zhengfei said he expects company revenue to decline by about $30 billion over the next two years in the wake of U.S. actions against the Chinese tech giant. Photo: Getty Images greta I'LL HIT'EM HARD! I'LL KNOCK'EM OUT! I think the hit was because of the spyware and such. this is the modern war
Source: WSJ - 🏆 98. / 63 Read more »
U.S. Clampdown to Cost Huawei $30 Billion in Revenue, Founder SaysThe U.S. campaign against Huawei Technologies is taking a toll, with the company’s founder forecasting a hit to revenue of about $30 billion over the next two years. Sounds like revenue will be huawei down... Too bad $ 30 billion? What is the big deal? Loose change surely. Is China not the largest economy in the world?
Source: WSJ - 🏆 98. / 63 Read more »
Huawei says US ban will cost it $30 billion in lost sales over two yearsThe founder and CEO of Chinese tech giant Huawei said the company will miss revenue forecasts by about $30 billion over the next couple of years as US attacks on the business do serious damage. Excellent, keep pressing China. bummer.
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Huawei Expects $30 Billion Revenue Hit From U.S. ClampdownThe U.S. campaign against Huawei is taking a toll, with the company’s founder forecasting a hit to revenue of about $30 billion over the next two years. 'The [USTR]...found that 'Chinese theft of American IP currently costs between $225 billion and $600 billion annually.' So, cry me a fucking river, Huawei... They should do it to all Chinese companies not just one Too. Much.mony$30000millions dollars, it's pin of any country of Central America
Source: WSJ - 🏆 98. / 63 Read more »