Huawei, Huawei, Huawei again.
Times have been tough for the Chinese technology giant Huawei, with them getting banned everywhere in the United States, including large companies that they’d been depending on for essential materials and functions that their phones need.
With this uncertainty that Huawei’s mobile devices can cater to the needs of consumers nowadays, namely because we cannot live without Google, YouTube, Facebook and just about basically every non-Chinese social media app out there that Huawei may not be able to provide access to in the future, obviously people are steering clear of Huawei now.
Don’t lie – you probably thought of putting yours up for sale as soon as the news broke.
In fact, the decline of Huawei’s sales are so bad that it’s plunged 40% and the company could miss its revenue numbers for the current year by as much as $30 billion, according to CEO and founder Ren Zhengfei. That’s a biiiiig, biiiiig amount of money – imagine having to lose all of it.
Of course, for the company to have come this far already, they must’ve had some brains in planning their next business moves. When there’s a problem, there will be a solution, right? Huawei’s indeed come up with an initiative to counter the poor sales of late.