Huawei’s 2019 revenue to jump 18 per cent, forecasts ‘difficult’ 2020

Huawei Technologies on Tuesday said its full-year revenue would likely jump 18 per cent in 2019 to 850 billion yuan (121.72 billion USD), lower than its earlier projections, as a US trade blacklisting curbed growth and disrupted its ability to source key parts.

The world’s biggest maker of telecom network equipment and the No. 2 manufacturer of smartphones, was all but banned by the United States in May from doing business with US companies, preventing its access to technology like Google’s Android operating system.