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Huawei Cuts 2019 Sales Estimates: Broadcom Is Feeling the Heat

Adam Rogers
Huawei Cuts 2019 Sales Estimates: Broadcom Is Feeling the Heat

The ban by the US government is expected to weigh heavily on Huawei. While revenue was growing at a robust pace of over 20.0% in the last few years, 2019 might be the first year of decline in several years. Huawei managed to grow sales by 39.0% YoY in the first quarter of 2019. It now expects smartphone shipments to fall between 40.0% and 60.0% in 2019.