Chinese tech giant Huawei Technologies warned on Tuesday a U.S. trade blacklisti...
HONG KONG/SHANGHAI - Chinese tech giant Huawei Technologies warned on Tuesday a U.S. trade blacklisting will impact short-term revenue growth, even as its half-year revenue surged 23% thanks to soaring smartphone sales at home.
“Given the foundation we laid in the first half of the year, we continue to see growth even after we were added to the entity list. That’s not to say we don’t have difficulties ahead. We do, and they may affect the pace of our growth in the short term,” he said. Huawei’s founder and CEO Ren Zhengfei told reporters last month that the impact of the blacklisting was worse than expected. It could cost the company $30 billion in revenue, and that Huawei’s revenue this year and in 2020 could stay roughly the same as 2018 at around $100 billion, he said.
Unlisted Huawei, which only started disclosing quarterly results this year, said revenue in the first half rose to 401.3 billion yuan , faster than the 15% growth of a year earlier.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Huawei Shows Resilience in the Face of U.S. BlacklistingHuawei Technologies said its first-half revenue rose 23.2% from a year earlier, as the technology giant appeared to shrug off the impact of a U.S. supplier blacklisting.
Leer más »
Huawei outsells smartphone rivals in China, tightens market grip amid U.S. spatHuawei outsells smartphone rivals in China, tightens market grip amid U.S. spat by SijiaJ
Leer más »
Huawei's H1 revenue growth accelerates despite U.S. sanctionsChina's Huawei Technologies said on Tuesday revenue in the first half of th...
Leer más »
U.S. firms see little clarity on Huawei as U.S.-China talks resumeLack of clarity on what U.S. firms can supply to Huawei is likely to cast a shadow over this week’s U.S.-China trade negotiations in Shanghai by alexalper
Leer más »
Beijing says millions of tonnes of U.S. soy shipped to China in trade consensusThe United States has shipped several million tonnes of soybeans to China since the two countries&39; leaders met in June, Chinese state media said on Sunday, an apparent sign of goodwill before trade talks in Shanghai this week. The U.S.-China trade war has curbed the export of U.S. crops to China
Leer más »
Huawei says sales up 23% despite US controlsHuawei's sales rose by double digits in the first half of this year despite being blacklisted by Washington.
Leer más »