Even with soaring sales, Huawei is ‘preparing for the worst’

Even with soaring sales, Huawei is ‘preparing for the worst’

The Chinese telecommunications giant Huawei is ‘preparing for the worst but hoping for the best’ in the run up to 19 August, the expiration date for the temporary reprieve on the US trade ban of Huawei equipment, according to the company’s Vice-President for Europe, Abraham Liu. Meanwhile, the company has managed to fend off risks to its profit margins in the midst of a continued US campaign against the company. Revenues are up 23% for the first half of 2019 to 401 billion CNY (€52bn), with a net profit margin…

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