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Huawei posts revenue growth in H1 despite sanctions and pandemic
Huawei reported a 13.1% year-over-year revenue growth in the first half of 2020, even if countries around the world continued to weigh up bans on its equipment and smartphone sales shrink amid the pandemic, the telecom giant said in a brief on Monday.
The firm’s revenue reached 454 billion yuan ($64.88 billion) in the period, with its carrier, enterprise, and consumer businesses accounting for 35%, 8% and 56% of total revenue, respectively. It finished with a net profit margin of 9.2%, a slight increase from 8.7% in the same period last year.
The privately-owned company did not specify what contributed to its H1 growth, but said in the release that amid the COVID-19 pandemic, “information and communications technologies” — the main focus of its business — “have become not only a crucial tool for combatting the virus, but also an engine for economic recovery.”
The growth came amid the U.S.’s ongoing campaign urging allies to remove Huawei from their network infrastructure. The U.K. is reportedly scheduled to phase out Huawei gear in its 5G network as soon as this year, a plan that critics warn could cause network outages and other security risks.
https://techcrunch.com/2020/07/13/h...M8FmI88Clam-WQhsO9Y_PvFHc1nKKSiudI7ODTRt9jXPN
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LMAO check out how this b*tthurt anti China website reported the news in a weaselly way.
Financial Times
Huawei growth slows after sanctions and political pressure
https://www.ft.com/content/b8807ddb-8e43-438f-b892-db42120c7a47
they still couldn't stomach the idea of them admitting that Huawei is growing in double digits so instead they chose to point out that the growth is slower than before so they chose this title to give the impression to the casual reader that Huawei's revenue is decreasing.
after 3 years of continued efforts from the five @$$es alliance they still can't handle even this single company as if Huawei is some sort of an almighty country itself.
Huawei reported a 13.1% year-over-year revenue growth in the first half of 2020, even if countries around the world continued to weigh up bans on its equipment and smartphone sales shrink amid the pandemic, the telecom giant said in a brief on Monday.
The firm’s revenue reached 454 billion yuan ($64.88 billion) in the period, with its carrier, enterprise, and consumer businesses accounting for 35%, 8% and 56% of total revenue, respectively. It finished with a net profit margin of 9.2%, a slight increase from 8.7% in the same period last year.
The privately-owned company did not specify what contributed to its H1 growth, but said in the release that amid the COVID-19 pandemic, “information and communications technologies” — the main focus of its business — “have become not only a crucial tool for combatting the virus, but also an engine for economic recovery.”
The growth came amid the U.S.’s ongoing campaign urging allies to remove Huawei from their network infrastructure. The U.K. is reportedly scheduled to phase out Huawei gear in its 5G network as soon as this year, a plan that critics warn could cause network outages and other security risks.
https://techcrunch.com/2020/07/13/h...M8FmI88Clam-WQhsO9Y_PvFHc1nKKSiudI7ODTRt9jXPN
_______________________________
LMAO check out how this b*tthurt anti China website reported the news in a weaselly way.
Financial Times
Huawei growth slows after sanctions and political pressure
https://www.ft.com/content/b8807ddb-8e43-438f-b892-db42120c7a47
they still couldn't stomach the idea of them admitting that Huawei is growing in double digits so instead they chose to point out that the growth is slower than before so they chose this title to give the impression to the casual reader that Huawei's revenue is decreasing.
after 3 years of continued efforts from the five @$$es alliance they still can't handle even this single company as if Huawei is some sort of an almighty country itself.
