Huawei is preparing: 40 to 60 percent drop in international smartphone shipments?
|Huawei is preparing: 40 to 60 percent drop in international smartphone shipments?|
Chinese technology giant Huawei is preparing for a drop in international shipments of smartphones from 40 to 60 percent, Bloomberg writes.
Referring to people familiar with the situation, Bloomberg writes that the company is considering options that include withdrawing from foreign markets the latest model of its Honor 20 smartphone.
Sales of the phone will begin on June 21 in parts of Europe and executives will oversee the launch and may suspend deliveries if sales go badly.
Huawei’s marketing and sales managers internally estimate that the company could deliver between 40 and 60 million fewer smartphones this year, and they plan to compensate for that decline to some extent in China, according to Bloomberg.
At the height of the US-China trade war, President Donald Trump’s administration put Huawei on a list of suspicious companies that are banned from selling technological equipment that threatens Huawei’s very survival.
Huawei largely depends on parts manufactured in the United States for its phones.
The group has been targeted by Washington since 2018.
The United States suspects that the company allows Chinese intelligence services to use their equipment to spy on communications via mobile networks in the world.