Huawei anticipates smartphone income to drop by $10 billion due to the US ban

Huawei anticipates smartphone income to drop by $10 billion due to the US ban.

The financial report H1 from Huawei revealed that the company’s sales rose by 23% compared to last year and drove the US trade prohibition to a total of 118 million smartphones.

After being placed on the Entity List the Chinese technology company anticipated substantial casualties. Now it has revised its forecast and expects that its customer department will have an income of $10 billion. A fifth reduced than the previous estimate.

Deputy Chairman of Huawei, Eric Xu, anounced Huawei’s new Ascend 910 AI chipset. They intended for information centres, in the context of a Q&A meeting. According to Xu, the prohibition certainly influenced the company policy of Huawei but its android division’s prospective damages are not as serious a risk as earlier anticipated.

Huawei has lately been extended by the US Commerce Department for a further 90 days to extend its provisional trade licence. China and the USA have high hopes that their trade dispute will be resolved before the new license expires. While there is no certainty on the basis of past development.

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