ZTE reports $1 billion in losses for 2018

ZTE went through a tough 2018 after battling with the US government for allegedly violating export restrictions resulting in a temporary ban and hefty fines. Now, the company finds itself amidst it's highest reported annual loss coming in at 6.98 billion yuan ($1.04 billion) largely due to the $1 billion fine it had to pay to the US government. This move brought the company to its knees, banning US component suppliers from working with ZTE. Elsewhere officials from Australia, New Zealand and Japan followed suit and banned ZTE and fellow Chinese telecom giant Huawei from establishing 5G...



from GSMArena.com - Latest articles https://ift.tt/2WzWwWR
via IFTTT

Comments

Post a Comment

Popular posts from this blog

Facebook's latest bug exposed the private photos of 6.8 million users - The INQUIRER

Facebook's latest bug exposed the private photos of 6.8 million users    The INQUIRER After a year from hell, Facebook parties like it's 2017    The Guardian Facebook bug may have exposed users’ photos    ConsumerAffairs Bug may have exposed photos from 7 million Facebook users | WSB-TV    WSB Atlanta Use This Tool To See If Your Photos Were Exposed In Facebook's Latest Privacy Blunder    Hot Hardware View full coverage on Google News from Technology - Latest - Google News https://ift.tt/2Bs7iVW via Technology
Read more

Overwatch 2 Anime Charm Is Cheaper In Real Life Than In The Game - Kotaku

Overwatch 2 Anime Charm Is Cheaper In Real Life Than In The Game    Kotaku Blizzard Sells an Overwatch 2 Charm Cheaper in Real Life Than In-Game    IGN Real life Overwatch 2 charm costs less than it does in game    PCGamesN Overwatch 2 Fans Upset at Blizzard's Reasoning for Not Nerfing Sojourn    GameRant Overwatch 2: Keychain Costs More In-Game Than Real Life    DualShockers View Full Coverage on Google News from Technology - Latest - Google News https://ift.tt/P970ArQ via Technology
Read more