Huawei braces for up to 60% drop in international smartphone shipments

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It was reported that Huawei is preparing for a 40% to 60% decline in overseas smartphone shipments.

Among the options that the Chinese tech company is looking at includes pulling the Honor 20 should it fail to meet expectations when it launches in Europe, including Britain and France on June 21.

The report mentions that marketing and sales managers at the company are expecting a drop in volumes of anywhere between 40 million to 60 million smartphones this year. It aims to grab half of the local smartphone market in 2019 in order to compensate for this loss.

This comes following the trade blacklist employed by the US government that blocks suppliers in the US from doing business with the company due to national security concerns.

At the time of the blacklist announcement, Huawei found and CEO, Ren Zhengfei said that it “may slow, but only slightly, the company’s growth.”

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

Source

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