Huawei CEO spoke about Huawei’s current situation and believes it may not be as bad as expected. Ren Zhengfei, Huawei’s CEO, pointed out that this problem of banning Google services on Huawei smartphones imposed by the US government, however, is not as bad as expected. The CEO expected a $20 billion to $30 billion loss, but the actual loss point to “only” to $10 billion.
Huawei CEO doesn’t believe in a turnaround
Huawei’s CEO, who has proven the truth without fear of affecting investors. He does not believe that Donald Trump’s government will lift this sanction anytime soon.
Donald Trump has banned any American company from negotiating with Huawei. Because he believed the Chinese company was a huge security risk to the country. Donald Trump has pointed out several times that Huawei may be the perfect “Trojan horse” and that he does not believe the company does not provide information about its users to the Chinese government.
Huawei’s CEO said in the media interview that “I don’t think the US will remove Huawei from the blacklist anytime soon. However, we are optimistic and open to any discussion.”
What does this problem mean for the company
This means that branded smartphones will still not have Google services installed. It also means that the brand will continue to postpone betting on the European market and several other big markets.
Huawei was beginning to lead the European market and move closer to Samsung, however, this problem brought a break in the development of new smartphones. However, the company remains strong in China where Google services is banned.