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Huawei feels 'bite of winter' after Trump ban

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Huawei feels 'bite of winter' after Trump ban

At Huawei, workers are either "tree-growers" or "pit-diggers" and the "heady scent of plums" comes only after the "bone-deep bite of winter".

Axar.az reports citing BBC.

So says a poetic New Year's message from the Chinese telecoms giant which sets out its "vision" for 2020.

But beneath the flowery language, Huawei admits life will be "difficult" after the Trump administration banned the firm from doing business in the US.

"Survival will be our first priority," it said.

Huawei, which is one of the world's largest suppliers of 5G equipment, said sales growth for 2019 would be lower than it initially thought, rising by 18% to 850bn yuan (£92.7bn).

That compares to revenue growth of 19.5% in the previous year.

It forecasts that sales will stay under pressure in 2020 during which it expects to remain on the US Entity List.

Date
2019.12.31 / 14:37
Author
Axar.az
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