It is no longer news that Huawei was recently handed a trade ban by the US government. Although the company had initially downplayed the effect of the ban, recent reports show it will have some effect not just on Huawei’s revenue but also on those of chipmakers like Broadcom. A report by Bloomberg says Huawei is preparing for a slump in global shipments of its phones to a tune of 40%-60%.
The report hints that the Chinese tech giant is already exploring the option of pulling its latest model the Honor 20 off the international market. The gadget will start selling in parts of Europe, including Britain and France, on June 21, the report said. The company will evaluate the sales and possibly cut off shipments if sales are poor, Bloomberg reports.
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The company is expecting a drop in volumes at a region between 40 million and 60 million units this year. An earlier report had already disclosed that Huawei was expecting a dip in revenue of up to $100 billion between now and 2020. In order to mitigate the effect of the slump in overseas sales, the Chinese giant will reportedly focus on capturing a large chunk of the local smartphone market over there in China.
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