Sales of Huawei, the Chinese tech giant considered a national security threat in the US, are falling rapidly.
The group said on Friday that the decline in phone sales is directly affecting its total revenue in the first half of this year, 30% lower than the previous year, equivalent to 50 billion. USD.
Even so, the airline’s net profit was 9.8%, higher than last year’s 9.2%.
|Users are not very interested in Huawei smartphones|
As a highly regulated company, Huawei is not legally permitted to disclose its revenue. As a result, the company only reports a small fraction of its selected revenue, and it doesn’t follow the usual quarterly cycle.
“Our goal is to be able to survive, and to keep this steady,” said Eric Xu, one of Huawei’s vice presidents, on Friday.
Over the past few years, Huawei’s ability to cooperate with the world’s computer chip industry has been gradually narrowed by the laws introduced by the Trump administration. This has made it extremely difficult for the company to produce cutting-edge phones like before.
The US sanctions also prevent Huawei devices from running Google’s most popular software. This has led to the loss of a significant number of international customers.
Not only that, even in the Chinese market itself, where many Google apps have been blocked for a long time, Huawei’s sales are not much better.
In the last 3 months, for the first time in 7 years, Huawei is not in the top 5 best-selling phone companies in China, according to market research firm Canalys. Instead, the top 5 in order include Vivo, Oppo, Xiaomi, Apple and Honor.
Honor used to be a smaller subsidiary of Huawei until last year, when it split from Huawei to avoid a US ban. This is also a factor leading to the decline in Huawei’s revenue, according to the company’s spokesman.
Tuan Vu(according to the New York Times)
Huawei recruits tech talent to “confront” the US
Chinese tech giant Huawei is ramping up recruitment of tech talent globally, especially in Europe, as well as boosting investment in domestic chips to fend off US sanctions.