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The Huawei ban will cut its sales by up to 60 million smartphones a year

The Huawei ban will cut its sales by up to 60 million smartphones a year

Huawei is at the center of the United States’ trade war with China right now, although US officials have cited security concerns when going forward with restrictions (although that might be a huge lie). As things stand right now, US companies can’t purchase Huawei telecom equipment, and Huawei isn’t allowed to use any technology made by US firms. We saw a preview of the latter last year when ZTE nearly had to shut down operations because of a similar measure. Huawei is still fighting the import ban and will not close up shop, but the company admitted that the ban will indeed hurt when it comes to smartphone sales and profit.

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