Huawei says 'survival' top priority as sales fall shortHuawei says it is facing a tough 2020 because of what it claims is a 'strategic and long-term' campaign against the company by the US government. Chairman Eric Xu said Huawei's sales revenue for 2019 was likely to reach 850 billion yuan (US$121 billion) -- up roughly 18 percent from the previous year. "Survival will be our first priority" in 2020, said Xu, the current chairman under the company's rotating leadership scheme. Washington has banned US companies from selling equipment to Huawei, locking out the smartphone giant from access to Google's Android operating system. "Pressure on Huawei will continue in the foreseeable future even if US-China trade tensions de-escalate," Kenny Liew, an analyst at Fitch Solutions, told AFP.

Source: Standard Digital December 31, 2019 05:37 UTC