Huawei announced huge revenue hits following the ban by the U.S. Notable in the write up is the quote "'We never thought that the U.S.'s determination to attack Huawei would be so strong, so firm,' Ren said Monday during a panel discussion at company headquarters in Shenzhen." Really? Have not been following Trump and his proclivities? There hasn't been a president so resolute in his handling of the economy in years.
This announcement follows on the heals of my previous post which substantiates their change in their business model.