Monday, January 25, 2021

Huawei expects sales to drop to $ 100 billion by 2020

Featured

US aircraft carrier enters South China Sea amid tensions over Taiwan

The US military said on Sunday that the aircraft carrier group Theodore Roosevelt has entered the South China Sea...

India administered one million doses of Corona vaccine within 6 days

Today, the Indian Ministry of Health announced the completion of the distribution of one million doses for the emerging...

Who is Joe Biden? – Learn more about the United States 46th President

Who is Joe Biden? The new American president was Barack Obama's deputy for eight years and a senator for...
Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

Huawei Chief Executive Ren Zhengfei said that the company’s sales to fall to nearly $ 100 billion in 2019 and 2020,

- Advertisement -

Due of the crisis that occurred after the sanctions and the US pressure on the company.

The company posted revenues of $ 104.16 billion last year, up 19.5 percent from 2017, but it will fall this year and next, but Zhengfei said the sales will rise again in 2021.

Zhengfei said the company would not reduce Research and Development spending despite the expected blow to the company’s money.

After the United States blacklisted Huawei, US companies were barred from dealing with it, which is why the company will face losses.

Read also: After US embargo on Huawei .. List of companies abandoned the technology giant

- Advertisement -
Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]
- Advertisement -

Latest News

US aircraft carrier enters South China Sea amid tensions over Taiwan

The US military said on Sunday that the aircraft carrier group Theodore Roosevelt has entered the South China Sea...

India administered one million doses of Corona vaccine within 6 days

Today, the Indian Ministry of Health announced the completion of the distribution of one million doses for the emerging coronavirus (Covid-19) vaccine within six...

Who is Joe Biden? – Learn more about the United States 46th President

Who is Joe Biden? The new American president was Barack Obama's deputy for eight years and a senator for 36 years. Famous for his...

Macron welcomes US back to the climate agreement

French President Emmanuel Macron tweeted on his Twitter account, directing the tweet to President Joe Biden and Vice President Kamala Harris to welcome the...

Nancy Pelosi: “We are ready to work under the slogan of a united America”

US House of Representatives Speaker Nancy Pelosi said, "We are ready to work under the slogan of a united America". US President Joe Biden has...

Related News