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Despite Trump’s Trade War: Huawei’s Revenue Soars - Business - Nairaland

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Despite Trump’s Trade War: Huawei’s Revenue Soars by Jacseyi(m): 4:33pm On Jul 30, 2019
Huawei has announced its financial results for its April-June quarter, and things are looking a lot better for the company than you would expect.

Despite the American-Chinese trade war and the Trump administration’s ban on American companies doing business with Huawei, the Chinese tech giant’s revenue soared last quarter. Huawei made 221.6 billion yuan ($32.2 billion)—a 23% increase over the previous quarter.

Revenue wasn’t the only thing flying for Huawei—the company sold 118 million smartphones in the first half of 2019—a 24% year-over-year increase. And despite the U.S. urging other countries not to use Huawei products in their 5G networks, Huawei announced that to date it has secured 50 commercial 5G contracts and shipped more than 150,000 5G base stations to markets around the world.

As for what the future holds for Huawei given the political and trade headwinds it faces, the company’s chairman, Liang Hua, said in a press release:

Revenue grew fast up through May. Given the foundation we laid in the first half of the year, we continue to see growth even after we were added to the entity list. That’s not to say we don’t have difficulties ahead. We do, and they may affect the pace of our growth in the short term. But we will stay the course. We are fully confident in what the future holds, and we will continue investing as planned—including a total of CNY120 billion in R&grin this year. We’ll get through these challenges, and we’re confident that Huawei will enter a new stage of growth after the worst of this is behind us.
https://www.fastcompany.com/90383418/despite-trumps-trade-war-huaweis-revenue-soars
Re: Despite Trump’s Trade War: Huawei’s Revenue Soars by rottennaija(m): 4:42pm On Jul 30, 2019
And someone thinks Trump is smart
Re: Despite Trump’s Trade War: Huawei’s Revenue Soars by Flier: 4:42pm On Jul 30, 2019
Sales in China was able to offset the lost abroad as you know that most Chinese companies forbid their employee from buying any other phone except Huawei,with over one billion in population and discrimination against other products, Huawei sales will continue to grow in China while Samsung,Apple will continue to lose
Re: Despite Trump’s Trade War: Huawei’s Revenue Soars by Flier: 4:44pm On Jul 30, 2019
rottennaija:
And someone thinks Trump is smart
They actually believed him until he started using Huawei to negotiate his trade deal with China
Re: Despite Trump’s Trade War: Huawei’s Revenue Soars by helinues: 4:46pm On Jul 30, 2019
That's a big fat lie.. They cant say they are not feeling the sanctions
Re: Despite Trump’s Trade War: Huawei’s Revenue Soars by Jacseyi(m): 4:47pm On Jul 30, 2019
Typing...
Re: Despite Trump’s Trade War: Huawei’s Revenue Soars by Jacseyi(m): 4:50pm On Jul 30, 2019
Flier:
Sales in China was able to offset the lost abroad as you know that most Chinese companies forbid their employee from buying any other phone except Huawei,with over one billion in population and discrimination against other products, Huawei sales will continue to grow in China while Samsung,Apple will continue to lose

You are passing wrong information. This forum has visitors from around the world. China alone has several brands that doesn't leave the shore of the country; those that are famous in Africa and other places are very few...The likes of Oppo, Xiaomi, Vivo etc. Government can not restrict citizens to what they should buy. Many are still using iphone, samsung, etc in China. They sold just a little above 100 million which is less than 10% of Chinese population.

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Re: Despite Trump’s Trade War: Huawei’s Revenue Soars by Flier: 4:54pm On Jul 30, 2019
Jacseyi:


You are passing wrong information. This forum has visitors from around the world. China alone has several brands that doesn't leave the shore of the country; those that are famous in Africa and other places are very few...The likes of Oppo, Xiaomi, Vivo etc
Google is your friend
helinues:
That's a big fat lie.. They cant say they are not feeling the sanctions
Chinese are very sentimental,the more the heat Huawei faces abroad the more the sale in China,there was increase in China by 24%,
Beside,lot of countries don’t believe Americas assertions that Huawei poses security threat,they are still buying their 5G equipments
Re: Despite Trump’s Trade War: Huawei’s Revenue Soars by Flier: 4:59pm On Jul 30, 2019
Jacseyi:


You are passing wrong information. This forum has visitors from around the world. China alone has several brands that doesn't leave the shore of the country; those that are famous in Africa and other places are very few...The likes of Oppo, Xiaomi, Vivo etc. Government can not restrict citizens to what they should buy. Many are still using iphone, samsung, etc in China. They sold just a little above 100 million which is less than 10% of Chinese population.
Go and read the post again,there was an increase in China by 24 percent
You are just too lazy to do a simple research

Re: Despite Trump’s Trade War: Huawei’s Revenue Soars by helinues: 5:00pm On Jul 30, 2019
Flier:
Google is your friendChinese are very sentimental,the more the heat Huawei faces abroad the more the sale in China,there was increase in China by 24%,
Beside,lot of countries don’t believe Americas assertions that Huawei poses security threat,they are still buying their 5G equipments

And how many Usa sales lost?
Re: Despite Trump’s Trade War: Huawei’s Revenue Soars by Jacseyi(m): 5:03pm On Jul 30, 2019
Flier:
Go and read the post again,there was an increase in China by 24 percent

Does it really matter? Growth at home or from oversea; Growth is growth. The objective of the sanction is defeated
Re: Despite Trump’s Trade War: Huawei’s Revenue Soars by Flier: 5:05pm On Jul 30, 2019
Jacseyi:


Does it really matter? Growth at home or from oversea; Growth is growth. The objective of the sanction is defeated
It doesn’t and that is what I was saying beside lot of Chinese products like TECHNO and several others are not been sold in China
Re: Despite Trump’s Trade War: Huawei’s Revenue Soars by Jacseyi(m): 5:09pm On Jul 30, 2019
Flier:
Go and read the post again,there was an increase in China by 24 percent
You are just too lazy to do a simple research

It is a company banning her employees not government. The company maybe a contractor to Huawei, so the ban is justified. However, Chinese are proud of their nation not Nigerians that like talking down themselves. In fact, some hotels in the same Shenzhen charged extra for American citizens at the beginning of the trade war.
Re: Despite Trump’s Trade War: Huawei’s Revenue Soars by Jacseyi(m): 5:14pm On Jul 30, 2019
Flier:
It doesn’t and that is what I was saying beside lot of Chinese products like TECHNO and several others are not been sold in China

Yes, you are right. The company head office is in Shanghai. What Tecno is selling in Nigeria is scrap. No one would buy it in China, the competition is among the serious phone manufacturers like Huawei, Xiaomi, Oppo etc

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