Huawei’s 2019 revenue to jump 18%, forecasts ’diffcult’ in 2020

Huawei’s 2019 revenue to jump 18%, forecasts ’diffcult’ in 2020

Huawei Technologies said its full-year revenue would likely jump 18% in 2019 to 850 billion yuan ($121.72 billion), lower than its earlier projections, as a U.S. trade blacklisting curbed growth and disrupted its ability to source key parts. Washington placed the company on a trade blacklist in May, barring American companies from selling the company software and components without a license.

Tom A
Tom A
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