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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Apple    AAPL

APPLE

(AAPL)
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Apple : Huawei founder says he would oppose Chinese retaliation against Apple- Bloomberg

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05/26/2019 | 07:51pm EDT
FILE PHOTO: Huawei CEO and founder Ren Zhengfei walks inside Huawei's headquarters in Shenzhen

(Reuters) - Huawei Technologies' founder and Chief Executive Ren Zhengfei told Bloomberg that retaliation by Beijing against Apple Inc was unlikely and that he would oppose any such move from China against the iPhone maker.

When asked about calls from some in China to retaliate against Apple, Ren said that he would "protest" against any such step if it were to be taken by Beijing.

"That (Chinese retaliation against Apple) will not happen first of all and second of all, if that happens, I'll be the first to protest," Ren said in the interview with Bloomberg.

He conceded that export curbs from the administration of U.S. President Donald Trump will cut into a two-year lead built by Huawei over its competitors, but added that the company will either ramp up its chip supply or find alternatives to stay ahead in smartphones and 5G.

(Reporting by Kanishka Singh in Bengaluru; Editing by Susan Thomas)

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Financials ($)
Sales 2019 257 B
EBIT 2019 62 546 M
Net income 2019 53 346 M
Finance 2019 97 442 M
Yield 2019 1,57%
P/E ratio 2019 16,64
P/E ratio 2020 15,00
EV / Sales 2019 3,02x
EV / Sales 2020 2,94x
Capitalization 875 B
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Number of Analysts 41
Average target price 211 $
Spread / Average Target 11%
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NameTitle
Timothy Donald Cook Chief Executive Officer & Director
Arthur D. Levinson Chairman
Jeffrey E. Williams Chief Operating Officer
Luca Maestri Chief Financial Officer & Senior Vice President
Kevin M. Lynch Vice President-Technology
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