Motilal Oswal
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Motilal Oswal
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Huawei founder says revenue will be billions below forecast

Updated : June 17, 2019 04:32 PM IST

This is the first time that Huawei has quantified the impact of the US action against the company and Ren's downbeat assessment comes after weeks of defiant comments from company executives who maintained Huawei was technologically self-sufficient.
Huawei had not expected that US determination to "crack" the company would be "so strong and so pervasive", Ren said, speaking at the company's Shenzhen headquarters on Monday.
Huawei founder says revenue will be billions below forecast
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