If you are wondering how big the immediate can be damage to Huawei due to US ban, then you should count on losses close to $ 30 billion!
ΑThis is the assessment of the founder and president of the company, Mr. Ren Zhengfei, who in an interview earlier today discussed various issues that concern Huawei.
The $ 30 billion loss is the first estimate based on current data and obviously as long as the ban is in place, this number will grow. Mr. Zhengfei stressed, however, that if things remain this way Huawei will be able to recover within the next 2 years.
For the smartphone sector, the Bloomberg network estimates that Huawei's share will shrink by 40-60 million devices, while the sales of the Honor subsidiary will also be significantly affected. The company, however, denied rumors that it would cancel its launch Honor 20 in Western markets.
Finally, let us mention that Mr. Zhengfei confirmed in turn that Huawei is working on its own technologies to overcome the situation, photographing its development HongMeng OS.
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