Mounting Huawei Smartphone Revenue Inspite Of Sanctions In United States
Huawei Technologies Co. Ltd., which is a China-based technology Company. It offers telecommunications equipment and consumer electronics products. The company has sold more than 118 million phones so far in the year 2019. It also means that the company sold more than 59 Mn devices in every three months. Huawei has witnessed steady growth through the first half of 2019. This is despite of international issues that surround it. Huawei’s network infrastructure business is engaged in selling hardware to prominent cell networks. It has earned a profit during the first half-year of 2019. The company has reported progress in its other device businesses segments also.
Huawei is devising a hard year after a threat from national security by the USA. And it is placed on the Commerce Department’s entity list. Huawei chief Mr. Ren Zhengfei predicted the ban would cost around US$ 30 billion for over two years. The ban obstructed USA chipmakers to supply to Huawei’s smartphone and IT businesses. As well as numerous software for smartphones and consumer laptops from companies such as Microsoft and Google. In January 2019 the Justice Department of US unsealed indictments that included 23 counts pertaining to the alleged theft of intellectual property. Huawei has given a three-month reprieve until August 2019 for companies such as Google to continue to offer a wide range of softwares.
Huawei is the world’s largest telecoms equipment provider and the second-largest smartphone maker. It has now secured 50 commercial contracts for 5G contracts in more than 30 countries. Most challenging for the company is the loss of the Android operating system for its smartphones. Some glimpse of last week of July 2019. On July 30, Huawei reports revenue increased despite US ban. On July 29, Google and Huawei are reportedly working on a smart speaker. On July 25, Electronics company registered seized US$ 100M of Huawei goods. On July 24, UAE telecom says US ban on Huawei isn’t an issue for its 5G network. On July 23, Huawei lays off more than 600 US workers due to blacklisting.