Sales of Huawei smartphone sales are expected to plummet 40 per cent in the wake of attacks from Donald Trump, the company’s founder has warned.
The Chinese technology giant has been blacklisted by the US over national security fears, meaning that American companies wanting to sell parts to the Chinese firm must first obtain approval from the Commerce Department.

That has prompted a number of firms including Google to halt business with Huawei, causing damage to its smartphone business.

On Monday, Huawei founder Ren Zhenfei likened the company to a badly damaged aeroplane and warned that sales would be around $30bn lower than expected over the next two years.
“In the next two years, I think we will reduce our capacity, our revenue will be down by about $30bn dollars compared to forecasts, so our sales revenue due this year and next will be about $100bn,” Mr Ren said.

Google’s decision to halt support for Huawei has been particularly troubling because the American firm’s Android operating system is used on Huawei phones.

That has left consumers uncertain about whether to buy a Huawei smartphone. The company is also scrambling to look for other suppliers and to develop its own software.