• Company
  • Products online
  • News terminal

Products online

  • News terminal
  • Caspian Oil & Gas Trends
  • Monthly Azerbaijan Business Monitoring
  • Weekly Azerbaijan Business Monitoring
  • Caspian, Turkey Building & Logistics Monitoring
  • Azerbaijan Energy Projects Review
  • Azerbaijan Banking Analytics
  • Iran Energy Economy Review
  • Central Asia Economic Outlook
  • Weekly Tenders Report
  • Azerbaijan Industry Agriculture Review
  • Azerbaijan Monthly IСT Monitoring
  • Regional Finance
ORDER TRIAL VERSION

Company

  • About company
  • Trend Information Service
  • Vacancies

Communications

  • Reference
  • Achievements

For clients

  • How to subscribe
  • Instant paid access
  • Support service

Trend in social networks

  • Facebook
  • Twitter
  • Youtube
  • Telegram
  • RSS
  • IOS
  • Android

Info Services

  • Trend Politics
  • Trend Society
  • Trend Economy
  • Trend Energy
  • Trend ICT
  • Trend Tourism
  • Trend Culture

Contacts

  • Bakhtiyar Vahabzade Str., 14, Baku, Azerbaijan, AZ1141.
  • sales@trend.az
  • + 994 12 437-12-68
  • RU
  • AZ
  • EN
  • TR
  • FA
AzerNews.Az Today.Az
  • Login
  • Sign up
Trend.Az
  • Latest
  • Azerbaijan
    • Politics
    • Economy
    • Nagorno-Karabakh conflict
    • Society
    • Other News
  • Economy
    • Oil&Gas
    • ICT
    • Finance
    • Business
    • Tenders
    • Tourism
    • Construction
    • Transport
  • Iran
    • Nuclear Program
    • Politics
    • Business
    • Society
  • Central Asia
    • Kyrgyzstan
    • Kazakhstan
    • Turkmenistan
    • Tajikistan
    • Uzbekistan
  • South Caucasus
    • Armenia
    • Georgia
  • World
    • Turkey
    • Europe
    • US
    • Russia
    • Israel
    • China
    • Arab World
    • Other News
  • Latest
  • Azerbaijan
    • Politics
    • Economy
    • Nagorno-Karabakh conflict
    • Society
    • Other News
  • Economy
    • Oil&Gas
    • ICT
    • Finance
    • Business
    • Tenders
    • Tourism
    • Construction
    • Transport
  • Iran
    • Nuclear Program
    • Politics
    • Business
    • Society
  • Central Asia
    • Kyrgyzstan
    • Kazakhstan
    • Turkmenistan
    • Tajikistan
    • Uzbekistan
  • South Caucasus
    • Armenia
    • Georgia
  • World
    • Turkey
    • Europe
    • US
    • Russia
    • Israel
    • China
    • Arab World
    • Other News
  • Trend Photo
  • Login
  • Sign up
  • Home
  • World
  • Other News

Huawei prepares for 40%-60% fall in international smartphone shipments: Bloomberg

17 June 2019 10:21 (UTC+04:00)
  • 0
  • 0

Huawei Technologies Co Ltd is preparing for a 40% to 60% decline in international smartphone shipments, Bloomberg reported on Sunday, reports Trend citing to Reuters

The Chinese technology company is looking at options that include pulling the latest model of its marquee overseas smartphone, the Honor 20, according to the article, which cited people familiar with the matter.

The device will begin selling in parts of Europe, including Britain and France, on June 21, the report said. Executives will be monitoring the launch and may cut off shipments if the sales are poor, it said.

Marketing and sales managers at the tech giant are internally expecting a drop in volumes of anywhere between 40 million to 60 million smartphones this year, the report said.

In order to offset overseas decline, Huawei is aiming to grab up to half of China’s smartphone market in 2019, Bloomberg said. The company did not respond to a Reuters request seeking comment.

The U.S. government put Huawei, the world’s largest telecommunications equipment company, on a trade blacklist in May that bars U.S. suppliers from doing business with it because of what Washington says are national security concerns.

At the time, Huawei founder and chief executive Ren Zhengfei said the restrictions “may slow, but only slightly” the company’s growth.

A similar U.S. ban on China’s ZTE Corp, almost crippled business for Huawei’s smaller rival early last year before the curb was lifted.

The company’s woes are feeding into trade tensions between Washington and Beijing. President Donald Trump has said U.S. complaints against Huawei could be resolved within the framework of any trade deal.

The ban has been eased slightly to allow a temporary general license that lets Huawei purchase U.S. goods.

However, Broadcom sent a shockwave through the global chipmaking industry last week when it forecast that the U.S.-China trade tensions and the Huawei ban would knock $2 billion off this year’s sales.

Follow Trend on Telegram. Only most interesting and important news

  • Tags:
  • Huawei
  • USA
  • sanctions
  • China
Related news
Ericsson agrees to pay over $1 billion to resolve U.S. corruption probe
Europe 03:26
France rejects U.S. proposal on international tax reform
Europe 00:46
Hollywood-like neighborhood to be built in Uzbekistan's Samarkand
Construction 6 December 16:05
China-built Tesla cars recommended for subsidies
China 6 December 14:31
Oil slips as OPEC+ gears up to confirm supply cut
Oil&Gas 6 December 12:19
Chinese company to help Uzbekistan establishing seed production
Business 6 December 11:49
Latest
Turkmenistan to open consulate general in Russia’s Kazan
Turkmenistan 12:15
Oil production to exceed 100 million tons in Kazakhstan
Oil&Gas 12:07
Turkmenistan names representative in Bureau of International Expositions
Turkmenistan 11:59
Turkmenistan's state budget revenue exceeds $5B
Turkmenistan 11:42
Uzbekistan to bring export of fruits, vegetables to $5 B
Business 11:38
Uzbekistan receives gas inflow at two wells of Kashkadarya region
Oil&Gas 11:28
Kazakh oil company announces tender for hydraulic fracturing
Tenders 11:25
Weekly review of Azerbaijani currency market
Finance 11:21
Weekly review of Azerbaijan's precious metals market
Finance 11:12
Most popular
Azerbaijani FM: First step in resolving Karabakh conflict should be elimination of its major consequences
Azerbaijani FM: First step in resolving Karabakh conflict should be elimination of its major consequences
Kazakh President to pay official visit to Germany
World Bank inks agreement with IFAS in Ashgabat
Azerbaijani, Kazakh ports to help expand potential of Caspian region
Commentary
Turkish diplomat: Armenia must fulfill 3 basic demands of Ankara to establish relations

Turkish diplomat: Armenia must fulfill 3 basic demands of Ankara to establish relations

Azerbaijani parliament needs new persons dealing with tasks more effectively - expert
Decision to dissolve parliament - breakthrough in light of reforms in Azerbaijan
Azernews Newspaper
Trend.Az
  • About
  • Our Team
  • Products online
  • Trend Information Service
  • News terminal
  • News archive
Contacts
14, Bakhtiyar Vahabzade, Baku, Azerbaijan, AZ1141
+(994 12) 497-31-72
news@trend.az
+(994 12) 497-30-89
© 2019 Trend News Agency
Terms of use