Huawei will not be beaten to death despite $30b hit: Ren Zhengfei

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Huawei will not be beaten to death despite $30b hit: Ren Zhengfei 1

After finishing with revenues over $100 billion — 721 billion yuan — for 2018, Huawei is expecting to drop $30 billion of revenue from its forecast due to the trade war with the United States.

“In the next two years, I think we will reduce our capacity, our revenue will be down by about $30 billion compared to forecasts,” Huawei founder Ren Zhengfei said in Shenzhen on Monday.

“Our sales revenue this year and next will be about $100 billion.”

Ren said over the next two years, the Chinese giant would look to switch out…

https://www.zdnet.com/article/huawei-will-not-be-beaten-to-death-despite-30b-hit-ren-zhengfei/#ftag=RSSbaffb68

Huawei will not be beaten to death despite $30b hit: Ren Zhengfei 2
Huawei will not be beaten to death despite $30b hit: Ren Zhengfei 3
Huawei will not be beaten to death despite $30b hit: Ren Zhengfei 4
Huawei will not be beaten to death despite $30b hit: Ren Zhengfei 5
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