huawei taking a 30 billion hit because of ban

The U.S. administration’s ban on Huawei has thrown a spanner in the works of one of the world’s fastest growing smartphone vendors. The company has put forward some figures which suggest that the ban has had a more negative effect than originally anticipated. The company has cut its revenue forecast by $30 billion and also expects to ship up to 60 million fewer devices this year. Huawei founder and CEO […]
Link: https://www.gsmdb.com/ubergizmo/2019/06/huawei-taking-a-30-billion-hit-because-of-ban/