People walk past a Huawei sign at CES (Consumer Electronics Show) Asia 2018 in Shanghai, China June 14, 2018.
PHOTO: REUTERS
Huawei consumer business group’s smartphone product line president He Gang revealed the numbers at a launch event in Wuhan, China for its new Nova 5 phone. The phone is powered by Huawei’s new 7-nanometer chipset Kirin 810.
Huawei says US ban hurting more than expected, to wipe $30 billion off revenue
Huawei has been hit by devastating curbs ordered by Washington, which threatens to cripple its supply chain.
Founder and chief executive Ren Zhengfei said on Monday the ban could cost the company $30 billion in revenue this year, and that smartphone sales outside China already dropped 40 per cent in the past month.
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