Huawei founder Ren Zhengfei has said international sales of the Chinese telecoms giant’s handsets have sunk 40% in the past month as a US-led backlash against the firm intensifies.
Speaking at the firm’s headquarters, Mr Ren also said the company would slash production by $30bn (£23.9bn).
Last month, the US put Huawei on a list of companies that American firms cannot trade with unless they have a licence.
The move marked an escalation in efforts by Washington to block Huawei.
The US argues that the Chinese company – the world’s largest maker of telecoms equipment and the second biggest smartphone maker – poses a security risk.
“In the coming two years, the company will cut production by $30bn,” Mr Ren said at a panel discussion at the firm’s headquarters in Shenzhen.
*Why Huawei matters in five charts
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Sales are now expected to remain flat at $100bn in 2019 and 2020. Earlier this year, Huawei had predicted sales of about $125bn for 2019.
However, Mr Ren said the company would “regain [its] vitality” in 2021.
He also said that while overseas smartphone sales had dropped sharply, in China growth remained “very fast”.
Spending on research and development would not be cut, Mr Ren added, despite the anticipated hit to the firm’s finances.
The Huawei founder had previously downplayed the impact of the US restrictions on the Chinese firm.
However, the actions by the US have prompted tech companies around the world to retreat from Huawei.
Google barred Huawei from some updates to the Android operating system, meaning new designs of Huawei smartphones are set to lose access to some Google apps.
Japan’s Softbank and KDDI have both said they will not sell Huawei’s new handsets for now.
UK-based chip designer ARM told staff it must suspend business with Huawei, according to internal documents obtained by the BBC.
Washington’s clampdown on Huawei is part of a broader push-back against the company, over worries about using its products in next-generation 5G mobile networks.
Several countries have raised concerns that Huawei equipment could be used by China for surveillance, allegations the company has vehemently denied.
*Should we worry about Huawei?
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Huawei has said its work does not pose any threats and that it is independent from the Chinese government.
However, some countries have blocked telecoms companies from using Huawei products in 5G mobile networks.
So far the UK has held back from any formal ban.
[PHOTOS] – Audi A9 Concept Car Repairs Itself And Changes Color
Imagine an amazing sports car that could repair itself from damage and automatically change color! Well that’s exactly what Spanish designer Daniel Garcia was thinking of when he created this awesome concept design for the Audi A9. He got some inspiration for this particular design from Santiago Calatrava’s buildings in his hometown of Valencia. Calatrava’s architectural style looks very modern and futuristic, which is exactly what we would describe this car to look like.
The windscreen and roof are to be made from a nanotechnology material that can auto-repair and adjust colors. This material isn’t even something that exists right now, so will it be a long time before we actually get to see something like this in action? The idea of it sounds awesome though, right?!
Apple May Launch Two ‘iPhone SE 2’ Models In 2020
The Cupertino-based tech giant Apple is reportedly planning to launch two 'iPhone SE 2' models in 2020, in different sizes. The upcoming iPhone SE 2 models are expected to feature a 5.5 and a 6.1-inch LCD display, Digitimes reported recently. Apple analyst Ming-Chi Kuo had also suggests there could be another "iPhone SE 2" model on the way, dubbed the "iPhone SE 2 Plus," but in the first half of 2021.
The initial model of the so-called ‘iPhone SE 2' is expected to resemble the iPhone 8, including a Touch ID home button, but with a faster A13 chip and 3GB of RAM. The iPhone SE 2 models will use a 10-layer Substrate-like PCB (SLP) for its motherboard, the same technology used by the iPhone 11's version.
This will benefit multiple iPhone suppliers, including Pending Holdings, Xinxing, and AT&S, even though the SLP will be a less expensive component than the one used in the iPhone 11 series of devices.
The iPhone SE 2 models will not have the 3D Touch feature, removed from the iPhone 11 by the company. Also, it will use a Touch ID fingerprint reader, not Face ID. The phone will have three colour options such as silver, space grey and red.
Earlier Kuo had said, Apple was preparing to release a new iPad Pro, a new MacBook and an augmented reality (AR) headset by the first half of 2020.
Ghana’s Best DJ, Switch, Others Receive LG X Boom At X Party.
GREATER ACCRA, GHANA (www.georgebrittton.com) - Surround yourself with rich, nuanced sound. Whether you love classical music or want to rock out, hear your favorite movies in crystal-clear detail, or connect your MP3 player and just kick back as South Korean multinational electronics company headquartered in Yeouido-dong, Seoul, South Korea, LG Electronics Inc, has unveiled X Boom Audio that will enhance the aesthetic audio to suit the consumer's output condition At X Party, in Accra.
The event was staged at the SilverStar Tower in Accra on Friday, 20th December and was powered by leading events production and marketing company, Merqury Republic. As a partner of the Ghana DJ Awards, LG presented an XBOOM CK99 to Best DJ of the Year 2019, DJ Switch, and LHD DVD Home Theatre systems to all DJs who attended the event for their contribution to music promotion and general entertainment in the sub region.
LG home audio devices give you the power to create a sound system designed for the way you live. From wireless speakers that allow you to stream music throughout your home to Bluetooth speakers that let you listen to music on the go, docking stations that do double duty (charging devices and playing music) to powerful multi-speaker home theater systems that offer the ultimate cinematic experience, you'll find the right solution for your life and your style.
The newest collection of audio players has just what you need to do it all, including:
The X Boom Audio has Wireless Speakers; With no wires to contend with, you can create a system of speakers that lets the music flow throughout your home. This way, you won't miss a beat when you're traveling from room to room. Sound Bars & SoundPlatesTM: Featuring sleek, slim designs and superior sonic depth, our soundbars and SoundPlates will bring your TV's audio system to a whole new level.
Shelf Stereo Systems: Get powerful sound from a robust system of speakers designed to work together. And with features like Bluetooth technology, CD players, and multiple USB inputs, our home audio systems give you a range of formats to choose from.
Portable Bluetooth Speakers: Take your favorite tunes with you. Whether you're headed to the beach, a backyard barbecue, a camping trip or just outside to your patio, our portable Bluetooth speakers give you the power to stream music virtually anywhere.
Docking Stations: Charge your go-to mobile device while listening to music. Some docking stations even come with built-in Bluetooth, so you can stream music to your speaker without docking your device. Home Theater Systems: From state-of-the-art multi-speaker systems to powerful single speakers, our home theater systems offer versatile solutions for homes of any size.
See more photos here.
Cadmus Investments Allies Indian Automobile Comapany To Officially Launch Baja Qute Vehicles.
Cadmus Investments Ghana Limited, a fully indigenous Ghanaian company, in partnership with Bajaj Auto the world’s largest manufacturer of three-wheelers and the largest exporter of two-wheelers from India, is launching a compact quadricycle as a solution for first mile and last mile transportation needs in Ghana. The vehicle has been branded as Qute.
The Qute is powered by an all new water-cooled DTSi, 4-valve engine that has an impressive fuel efficiency of 36 kmpl* and a max speed of 70km per hour. It is easy to drive, compact, lightweight and has an extremely low carbon emission of 66 gm/km*. Qute has been designed in response to requirements of cost effective, first and last mile public transport across the world by optimizing size, weight, cost and speed.
Qute meets the European Quadricycle norms and cleared the European Whole Vehicle Type Approval.
In Ghana, Bajaj Auto will sell the Qute through its sole distributor CADMUS INVESTMENTS LTD. The vision of Cadmus Investments is to provide a low-cost transport solution that will change their lives for the better, allowing people to have access to efficient, maintainable vehicles, with a reliable after sales infrastructure they can count on.
Apart from Ghana, Bajaj Auto has commenced exports of Qute to over 35 countries across Asia, Africa and Latin America. Mr. KS Grihapathy, President, International Business, Bajaj Auto said, “Over the years, our 3 wheeler has become a part of the social fabric in many countries. Apart from being an effective first and last mile transportation solution, it also provides employment to millions. With Qute, we are now raising the bar and ushering in a new solution of transportation that is cleaner, safer and more comfortable. Our partners across Asia, Africa, Latin America and Europe are excited about the growth opportunities that Qute can bring for us.”
Mr. Abraham Joseph, Chief Technology Officer, Bajaj Auto said, “We have applied all our two-wheeler expertise of light weight vehicle engineering & super-efficient powertrain technology based on DTS-i, to create the Qute. We use high strength steel body along with impact resistant plastic closures to achieve this. The small displacement high performance 4 Valve engine uses closed loop fuel injection & triple spark ignition. Coupled with the 5 speed gear box, it gives outstanding fuel efficiency & emission performance. The engine is water cooled for long life.”
Mr. Abdulai Pangasur, Managing Director, CADMUS said, “Bajaj is a renowned manufacturer of Boxer motorcycles, which is the no 1 motorcycle brand in Africa and the Bajaj RE which is the fastest becoming a favorite last mile transportation in Ghana. We are happy to partner them in creating a new segment of intra-city travehicles officially launched in Ghanansport with the Qute. Given its multi-purpose nature, we believe there is a good market for such compact quadricycle in Ghana.”