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Huawei crackdown

Huawei smartphone revenue to fall at least $30-40bn in 2021

Company 'getting used to U.S. sanctions', says chairman

Huawei logo is seen during Munich Auto Show, IAA Mobility 2021 in Munich, Germany, Sep. 8.   © Reuters

SHENZHEN, China (Reuters) -- China's Huawei Technologies will see revenue from its smartphone business drop by at least $30-40 billion in 2021, with new growth streams unlikely to make up the shortfall in the next few years, chairman Eric Xu said.

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