Huawei braces to lose up to $100bn over sales drop


Chinese owned tech firm Huawei has said they are expecting to lose up to $100bn in 2019 and 2020 due to the US ban.

The tech firm have been embroiled in a spying row with the US, which they have always denied.

Executives in the firm are bracing for loses between 40% and 60% in international sales of their smartphones and tablets, due to President Donald Trump blacklisting the company.

Ren Zhengfei, chief executive has said sales for 2019 will fall short of the $125bn target, he said that “no one will win.”