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Saturday, 24 August 2019

Huawei expects a $10 billion dip in smartphone revenues due to US ban

Huawei's H1 financial report showed the company's revenues grew by 23% over last year and it pushed 118 million smartphones despite the negative impact of the US trade ban. The Chinese tech giant expected to accumulate significant losses after it was put on the Entity List but now it has adjusted its prediction and it estimates its consumer business department will miss on $10 billion of revenue, a third lower than initial estimates. Huawei Deputy Chairman, Eric Xu gave the latest prediction during a Q&A session following the announcement of Huawei's new Ascend 910 AI chipset meant...



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