Huawei expects dip shipments by 40%

After the introduction of the company in the Black List in the United States of America, predicted Friday that the company is facing a decline in its net profit. Now, revealed CEO of Huawei on the impact of the ban on the sales figures, including a significant decline in shipments of smartphones.

Huawei did not expect the extent of the power of proliferation sanctions, this is what the president said the executive, who is expected to recover the company by 2021, indicating that the company did not expect to be attacked on many aspects.

The company expects a decline in the shipments of smart phones increased by 40%, and predicts a loss in revenue of up to $ 30 million, is expected to witness revenue worth $ 100 million this year, lower than the target growth to $ 125 million.

Despite these expectations, says the CEO of the company that they are not planning to reduce spending on research and development or making significant layoffs of staff, and will be the company 100 million dollars to develop its infrastructure.

It is worth noting that the CEO said less than a month ago that the U.S. sanctions “will not harm” with Huawei.

Source: Reuters

Leave a Reply

Your email address will not be published. Required fields are marked *