Huawei Finally Accepts the Unacceptable: Phone Sales to Collapse This Year
Huawei expects international phone sales to go down by as much as 60 percent, according to estimates shared with Bloomberg by people with knowledge of the matter, as the company struggles to deal with the ban announced by US President Donald Trump in mid-May.
Huawei, which originally said it would be fully capable of dealing with the ban, is now considering several options to reduce the impact of the restrictions, the aforementioned source continues.
These options include even pulling the Honor 20, a new smartphone projected to go live in Europe on June 21. If the device doesn’t sell well, which the company thinks is very likely to happen, it could be retired completely from all markets.
Focus on China