Huawei’s First-Half Revenue Climbs 23.2% Despite US Trade Ban

Jul. 30, 2019

Though everyone expected Huawei’s ongoing tussle with the United States to result in diminished sales, the Chinese giant has proven the analysts wrong. Huawei hastoday posted its first-half earnings report, revealing that itsrevenue jumped a significant 23.2%as compared to their revenue figures for the same period last year.

We have to start with its smartphone business, which was expected to take the massive hit because of Googlesevering tieswith the Chinese company in light of the trade ban. However, Huaweisold 118 million smartphones in the first half(possibly riding P30 Pro’s success train), which adds up to 24% growth year-on-year. The company also saw rapid growth in its shipments of tablets, PCs, and wearables.

This certainly is great news for Huawei and it may seem like to everyone. But, there’s an important point that many of us are missing. The company is hiding the Q2 sales figures behind the veil of the impressive Q2 figures. The overall shipments are strong and see an uptick because of anincrease in sales within its home country as compared to the steep 22% decline in worldwide sales.

While this is good news for Huawei, the company says that their troubles and hard times certainly aren’t in the past just yet. The US tech bigwigs may be free to conduct business with the Chinese giant once again, however, Huawei still sits on the US Entity List. It has been blacklisted from conducting business and marketing themselves in the States and it may“affect the pace of our growth in the short term,”says the official press statement.

“We will 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,”concludes Hua. The Chinese giant is known to beworkingon its operating system for connected IoT devices, which could see first light at theHuawei Developer Conferencenext month.