Huawei: loss of turnover due to US trade ban is probably not too bad

The loss of revenue that Huawei expects this year due to the trade ban of American companies with the Chinese manufacturer, may not be that bad. That’s what top people at Huawei say. Turnover would be around $10 billion lower than without the trade ban.

Earlier, Huawei’s director said that sales might be around $30 billion lower. However, that is the ‘pessimistic reading’, said Huawei top executives in an interview with media outlets, including Reuters news agency; ten billion dollars would be more realistic. The loss of turnover is probably not too bad because Huawei can put Google services on its phones for at least a few months, making the phones more attractive in Europe, among other places, than they would be without Google services.

As a result, the successors of the Mate 20 and Mate 20 Pro can run Android with Google services. The Mate phones are the most expensive models from Huawei in the fall and Huawei uses them every year to show a new generation Emui and a new generation soc for the first time.

The US government placed Huawei on the Entity List this spring, prohibiting US companies from trading with the Chinese company. As a result, Google is, for example, not allowed to give Android app binaries to Huawei to place on its devices. American companies have been granted two 90-day extensions. As a result, American companies can trade with Huawei until the end of November.