For the first time, Huawei has put some numbers behind the impact that the U.S. ban is having on its bottom line.
During an on stage presentation with U.S. technologists George Gilder and Nicholas Negroponte that was held Monday at Huawei’s headquarters in Shenzhen, China, Huawei CEO and founder Ren Zhengfei said his company had reduced its revenue forecast for the year.
During the close two-hour presentation, which Huawei streamed, Ren said that Huawei’s revenue would be down 30%, and that revenue would come in at an estimated $100 billion.
