Huawei has seen its business hold steady through the first half of 2019 regardless of the global problems that surround it. The business was accused of being too near China’s leadership, making insecure products which may be used for surveillance.
The business’s newest numbers show that it marketed 118 million smartphones in the first half of 2019, meaning that it marketed 59 million devices every 3 months. That led to overall half-year earnings of CNY 220.8 Billion ($32 billion).
Huawei’s network infrastructure business, which it uses to sell hardware to important cell networks, has also remained profitable. Regardless of accusations that its technology might be blatantly insecure, Huawei saw sales revenues of CNY 146.5 billion ($21 billion). And the company also reported growth in its other apparatus companies, including tablets, PCs, and wearables, but failed to enter details.
Huawei is having a difficult year, after it had been deemed a threat to national security from the USA, and put on the Commerce Department’s entity list. That means the company is prohibited from acquiring technology from US companies; a ban that other companies like Google, Intel, and Qualcomm have complied with.
Huawei chief Ren Zhengfei estimated that the ban could cost the business $30 billion over two years, and even the favorable sales figures released today were tempered with warnings about the long run. “Considering that the foundation we laid in the first half of this year, we continue to see the growth even after we had been added to the entity list,” said Liang Hua, Huawei’s Chairman. “That is not to say we do not have difficulties ahead. We do, and they could influence the pace of our expansion in the short term.”
The business is already experiencing fall from the ban, including a job with Google to create an intelligent speaker that has been scrapped.
