Huawei founder says revenue will be billions below forecast

Huawei founder says revenue will be billions below forecast

5 years ago
Anonymous $9jpehmcKty

https://apnews.com/2b1319794bfd4632b2eacd06ccb453af

SHENZHEN, China (AP) — Huawei's founder likened his company to a badly damaged plane Monday and said revenues will be $30 billion less than forecast over the next two years.

The Chinese telecom giant will reduce capacity but U.S. moves to restrict its business "will not stop us," Ren Zhengfei said on a panel at company headquarters.

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