Daily Crunch: Huawei predicts $30B in lost revenue

TechCrunch | 6/17/2019 | Staff
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Following a string of trade restrictions from the U.S., China’s Huawei expects its revenues to drop $30 billion below forecast over the next two years, founder and chief executive Ren Zhengfei said today.

Ren - Period - Adjustment - Huawei - Output

That said, Ren claimed that after a period of adjustment, Huawei’s output will be “rejuvenated” by 2021.

The latest report from renowned Apple leaker Ming-Chi Kuo claims that high-end iPhones are set to get 5G in the second half of next year. By 2021, all models are set to be on-board with the next-gen wireless standard.

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