Shares of the streaming video pioneer fell after it reported a large batch of new customers in the first quarter but gave a revenue forecast that missed analyst targets
Huawei says shipped 100 million smartphones this year as of end-May
Huawei Technologies said on Friday it has shipped 100 million smartphones this year as of May 30.
Published : 21 June 2019, 02:48 PM
Updated : 21 June 2019, 02:48 PM
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 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 percent in the past month.
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