Huawei says US ban hurting more than expected, to wipe US$30bn off revenue

By on
Huawei says US ban hurting more than expected, to wipe US$30bn off revenue

Harder-than-expected hit, revenue expectations slashed for the year.

China's Huawei Technologies Co Ltd has taken a harder-than-expected hit from a US ban, the company's founder and CEO Ren Zhengfei said, and slashed revenue expectations for the year. Ren's downbeat assessment that the ban will hit revenue by US$30 billion, the first time Huawei has quantified ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.
Tags:
huawei networking security telco/isp

Sponsored Whitepapers

The 5 steps to effective data protection
The 5 steps to effective data protection
Understanding the next security control points: applications and workloads
Understanding the next security control points: applications and workloads
Best security practices after rapid Digital Transformation
Best security practices after rapid Digital Transformation
The CISO View 2021 Survey: Zero Trust and Privileged Access
The CISO View 2021 Survey: Zero Trust and Privileged Access
How and why to backup your Office 365 tenant
How and why to backup your Office 365 tenant

Most Read Articles

Infosys gets another $71m for Centrelink calculation engine work

Infosys gets another $71m for Centrelink calculation engine work
Coles Group taps Australia Post as it assembles a new-look tech leadership team

Coles Group taps Australia Post as it assembles a new-look tech leadership team
South Australian gov issues breach notice to hacked payroll provider

South Australian gov issues breach notice to hacked payroll provider
NBN Co asks ACCC to closely police any functional separation of TPG Telecom

NBN Co asks ACCC to closely police any functional separation of TPG Telecom

Digital Nation

Case Study: Keeping CPA's board up to date about cybersecurity risks
Case Study: Keeping CPA's board up to date about cybersecurity risks
Case Study: Intrepid Group uses global travel shutdown to reimagine HR function
Case Study: Intrepid Group uses global travel shutdown to reimagine HR function
Catastrophic governance failures are rooted in organisational culture
Catastrophic governance failures are rooted in organisational culture
Highlights 2021: Automation drives marketing success but complexity torments delivery
Highlights 2021: Automation drives marketing success but complexity torments delivery
Fringe innovation unlocks power of diverse thinking
Fringe innovation unlocks power of diverse thinking

Log In

Email:
Password:
  |  Forgot your password?