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Long the Apple of My Eye

Stephen Guilfoyle

On Monday morning, I read the story headlining many of the financial news sites: Ren Zhengfei, the CEO of Chinese telecom-giant Huawei, admitted that his firm could expect revenue of $100 billion for the full year 2019. The negative impact to Huawei's ability to generate sales obviously is due to both President Donald Trump's executive order banning Huawei from doing business in the US, as well as the Commerce Department placing restrictions on U.S. entities that supply Huawei. for second-place in global smartphone sales?" Though the trade war obviously leaves Apple highly exposed to margin pressure, is this the silver lining?