China’s Huawei Reports 38% Revenue Drop as U.S. Sanctions Bite

[F-22Raptor]

HONG KONG—China’s Huawei Technologies Co. reported a 38% fall in quarterly revenue Friday, as the damage U.S. sanctions have done to its sales of smartphones and telecommunications equipment worsened.

The drop marks the third straight decline in quarterly revenue for Huawei, the world’s largest maker of telecom equipment and formerly one of the world’s biggest smartphone sellers, and the declines have accelerated since the end of 2020.

https://www.wsj.com/articles/chinas-huawei-reports-38-revenue-drop-as-u-s-sanctions-bite-11628237938

 

[antonius123]

HUAWEI ENTERPRISE BUSINESS SEES FIRST HALF GROWTH OF 18% YEAR ON YEAR WITH REVENUE OF 42.9 BILLION YUAN

Huawei Enterprise Business Sees First Half Growth Of 18% Year On Year With Revenue Of 42.9 Billion Yuan

HUAWEI ENTERPRISE BUSINESS SEES FIRST HALF GROWTH OF 18% YEAR ON YEAR WITH REVENUE OF 42.9 BILLION YUAN ... -August 06, 2021 at 04:00 am EDT - MarketScreener

www.marketscreener.com

 

[beijingwalker]

US should worry about its fast widenning overall trade deficit espeicially with China. China is not just one company, Chinas has millions of Huaweis.

the goods deficit with China, the largest that the United States runs with any country, totals $158.5 billion, an increase of 19.2% compared to the same period in 2020.

US trade deficit hits record $75.7 billion in June

The U.S. trade deficit increased to a record $75.7 billion in June as a rebounding American economy sent demand for imports surging.

apnews.com

 

[antonius123]

Huawei Climbs Rankings On The Fortune Global 500 Despite Us Government Sanctions

Press release
Published August 5th, 2021 - 07:16 GMT

Huawei HQ.

Highlights

The Fortune Global 500 ranked Huawei 44 this year, up from 49 in the previous year, despite US government sanctions on the company.

The Fortune Global 500, the annual ranking of the top 500 enterprises worldwide as measured by business revenue, ranked Huawei 44 this year, up from 49 in the previous year, despite US government sanctions on the company.
The number of Chinese companies, including those from the Hong Kong Special Administrative Region (SAR) and the island of Taiwan, stood at 143 on the Fortune Global 500 list for 2021, making China number one on the list for a second consecutive year.
The Fortune Global 500 companies generated revenues totaling more than one-third of the world's GDP and employ 69.7 million people worldwide. The Fortune Global 500 shrank a little over the past year. After reaching a record high of $33.3 trillion in the 2020 edition, total revenue for the world’s biggest companies fell 4.8% to $31.7 trillion this year. It was the first decline in half a decade. Seven internet-related companies are on the list this year, including Amazon, Alphabet and Facebook in the US, along with China's JD.com, Alibaba Group, Tencent Holdings Co, and Xiaomi Group.
Huawei has maintained its business resilience due to its focus on R&D and innovation. Every year, Huawei invests over 10% of its sales revenue into R&D. Last year, Huawei invested 15.9% of the company’s total revenue, which enables the company to maintain its leadership in new technologies such as 5G and cloud.
According to TrendForce, a world leading market intelligence provider, Chinese and European telecommunications equipment vendors still account for more than 70% of the global market share in 2021. The top three companies are China’s Huawei (30%) and Sweden’s Ericsson (23%), and Finland’s Nokia (20%).
Companies are ranked by total revenues for their respective fiscal years ended on or before March 31, 2021.  All companies on the list must publish financial data and report part or all of their figures to a government agency. Figures are as reported, and comparisons are with the prior year's figures as originally reported for that year. Each year a whole host of factors—the global economy, trade policies, mergers and acquisitions, and corporate upheaval among them—push and pull at the Fortune Global 500 rankings.

Huawei Climbs Rankings On The Fortune Global 500 Despite Us Government Sanctions | Al Bawaba

The Fortune Global 500, the annual ranking of the top 500 enterprises worldwide as measured by business revenue, ranked Huawei 44 this year, up from 49

www.albawaba.com

 

[StraightEdge]

Expected - they sold their Honor brand and focusing on enterprise, cloud etc., So that's nothin unusual. They are doing better in other areas. Huawei's enterprise business group grew 18% to 42.9 billion yuan.
Huawei is also seeing strong growth in its cloud services business, more than doubling in size in the first quarter to take a 20% market share in China, according to Canalys. Not to forget what Huawei lost in smartphones, other Chinese players gained. Mi has crossed Samsung now. What US sanctions have done is make China more innovative and desperate.
Also, not to forget Huawei improved it's ranking in Fortune 500 even after sanctions.

Huawei improved ranking in Fortune Global 500 List 2021 despite U.S. restrictions

Fortune 500 Global List for 2021 is now published, which shows that Huawei has made significant progress despite U.S. sanctions. However, these worldwide companies show an overall decline of $31.7 trillion with a 4.8% decrease over the past five years. The expertises are blaming the global...

www.huaweicentral.com

 

[huckyang]

Will be buying Huawei TV seems very good from review.

 

[obj 705A]

Unfortunately this is the power of Google, Huawei outside China is dead (at least their smartphone division).
I just went out to the markets to check whats available nowadays out of curiosity, previously the main devices available used to be Huawei, Samsung and Iphone, nowadays looking for a Huawei phone is like trying to find a dinosaur's bone and people nowadays who want to buy a premium phone only buy Iphones or Samsungs. so where I live, if say a third of new buyers were buying Huawei phones, now that number is down to 0%.

Thanks to Google the US practically has a kill switch over any smartphone company (well at least when it comes to sales outside China).

And if Harmony OS doesn't come with full access to all of Google's apps then it won't help one bit in bringing back the overseas sales of Huawei phones.

 

[beijingwalker]

Unfortunately this is the power of Google, Huawei outside China is dead (at least their smartphone division).
I just went out to the markets to check whats available nowadays out of curiosity, previously the main devices available used to be Huawei, Samsung and Iphone, nowadays looking for a Huawei phone is like trying to find a dinosaur's bone and people nowadays who want to buy a premium phone only buy Iphones or Samsungs. so where I live, if say a third of new buyers were buying Huawei phones, now that number is down to 0%.

Thanks to Google the US practically has a kill switch over any smartphone company (well at least when it comes to sales outside China).

And if Harmony OS doesn't come with full access to all of Google's apps then it won't help one bit in bringing back the overseas sales of Huawei phones.

They are just helping more Chinese brands, that's it.

Xiaomi overtakes Samsung to take top spot in European phone shipments in Q2 2021

Could Xiaomi head over to the US next?

www.theverge.com

 

[huckyang]

I owned 5 Ipads. However I am changing everything to Huawei for all new purchases. Anything Huawei I will buy.

 

[Surya 1]

Now Huawei has decided to diversify in the business of Pig raising. A very good diversification in a business in which Chinese have traditional knowledge.

 

[obj 705A]

They are just helping more Chinese brands, that's it.

Xiaomi overtakes Samsung to take top spot in European phone shipments in Q2 2021

Could Xiaomi head over to the US next?

www.theverge.com

Well yeah indeed at least where I live Xiaomi has succeeded in replacing Huawei in the budget segment (not so much in the more expensive flagship segment because Huawei always had a better reputation when it comes to quality) but the problem is what if one day the US also blocked Google on Xiaomi? Then Xiaomi would vanish, eventually all those numerous Chinese manufacturers would be blocked from using Google and then what's the plan? are these Chinese companies just thinking "hey we will cross that bridge when we reach it"?

 

[Yongpeng Sun-Tastaufen]

Huawei mainly concentrates in telecom such as 6G, chips, operating system.

eventually all those numerous Chinese manufacturers would be blocked from using Google and then what's the plan?

If US blocks Chinese companies than China blocks Apple, Boeing.

 

[Kai Liu]

Now Huawei has decided to diversify in the business of Pig raising. A very good diversification in a business in which Chinese have traditional knowledge.

Huawei can help you on how to raise your 1.3 billion mulnurished population using their knowledge in pig raising with big data...LMAO...

 

[RealNapster]

Well yeah indeed at least where I live Xiaomi has succeeded in replacing Huawei in the budget segment (not so much in the more expensive flagship segment because Huawei always had a better reputation when it comes to quality) but the problem is what if one day the US also blocked Google on Xiaomi? Then Xiaomi would vanish, eventually all those numerous Chinese manufacturers would be blocked from using Google and then what's the plan? are these Chinese companies just thinking "hey we will cross that bridge when we reach it"?

I always preferred budget phones as I consider smart phone as a necessity, not a symbol of class.
My first brand new smart phone purchase was Huawei P10. My second purchase was iPhone 6s plus. Which I changed in a year and instead bought xiamoi Redmi note 8. I was so happy with xiaomi price and performance that I recently bought Redmi 9T for my wife.

27000 PKR offers you 11nm chip, 6000 maH battery, 403 ppi screen, 4gb 128 GB combination, 48+8+2 back camera plus 8 MP front, and 18 watt fast charging. All this for just $160.