Home Technology Tech Huawei sees first quarter 2020 revenue growth "despite unforeseen challenges"

Huawei sees first quarter 2020 revenue growth “despite unforeseen challenges”

Although Huawei is still going through a period of great turmoil since Donald Trump decided to use the company to affect China’s power in the trade war between both countries, with the effects still being seen today where rumors suggest that the US would have pressured MediaTek not to sell chips to Huawei and because of the “telephone blackout” in the UK if Huawei is banned there too.

Despite this and everything else the company has been through in recent years, Huawei has just announced its business results for the first half of 2020, presenting excellent numbers that show the manufacturer’s growth despite so many challenges.

And that is exactly what she refers to: “despite the unforeseen challenges”, the company registered a growth of 13.1% in the first half of the year compared to last year, with an excellent net profit margin of 9.2%.

In its official statement, Huawei made no accusations to the sanctions initiated by Donald Trump, merely reporting that the company has been working with partners to combat Covid-19, to “accelerate the digital transformation and support efforts to contain local outbreaks and reopen savings.”

While countries around the world are facing the COVID-19 pandemic, information and communication technologies (ICT) have become not only a crucial tool to fight the virus, but also a mechanism for economic recovery. Huawei reiterated its commitment to work with operators and industry partners to maintain stable network operations, accelerate the digital transformation and support efforts to contain local outbreaks and reopen local economies.

The complex external environment makes open collaboration and trust in global value chains more important than ever. Huawei has pledged to continue fulfilling its obligations to customers and suppliers and survive, move on and contribute to the global digital economy and technological development, regardless of the future challenges the company faces.

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