The IT Nerd

We now have the first sign of trouble at Huawei because of the executive order that has effectively banned the company. Huawei has scrapped a product launch for the first time since the executive order was signed:

Richard Yu, CEO of Huawei’s consumer division, told CNBC that the firm had formally planned to launch a new product in its Matebook series without giving a date, but it had been indefinitely put on hold. He said that being on the U.S. Entity List, which restricts American companies from selling products to Huawei, had caused the cancellation. “We cannot supply the PC,” Yu said, adding that the situation is “unfortunate.” When asked if the laptop could be launched at a later date, Yu said it “depends on how long the Entity List will be there.” He acknowledged that, if Huawei is on the blacklist for a long time, the laptop will not be able to be launched.

You now have to wonder how many more products will face a similar fate. And how long Huawei can take hits like this before they finally tap out. I would suggest that you stay tuned as things are about to get interesting.

This entry was posted on June 12, 2019 at 3:10 pm and is filed under Commentary with tags Huawei. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.