Wednesday, July 24, 2024

Huawei has lost interest in US market for its network gear after inquiries


In recent months scrutiny has intensified over the involvement of Chinese companies in US networking infrastructure, and as a result Huawei announced it’s through trying to crack the market. Financial Times quotes VP Eric Xu saying that it is “not interested in the US market anymore” after years of efforts to count US operators among its customers. Ranked as the world’s #2 telecom equipment maker, it’s now recalibrating sales expectations for the next few years down to $10 billion by 2017 from the $15 billion it projected in more optimistic times. Reuters reports Xu didn’t answer questions about any expansion of its handset business, so while Europe may be looking forward to new phones, we doubt the A199 is coming over here.

Filed under: Mobile


Source: FT, Reuters

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