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

By Sijia Jiang

Jun 18 2019 5:50AM

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

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

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 ...

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