US Ban Couldn’t Stop Huawei From Making Record $122 Billion In 2019

Huawei 2019 Revenue $122 Billion 2
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Huawei’s rotating chairman Eric Xu has told the employees in a message that the Chinese tech giant earned a whopping $122 billion (850 billion Chinese yuan) in revenue in 2019.

Earlier this year, US sanctions were imposed on the company, and many believed that it would bring dark days for them. But the story took a different turn.

The latest revenue numbers are an 18% increase over last year and have set a new record high. Huawei sold 240 million handsets in 2019, which is a considerable jump in comparison to 206 million devices sold in 2018.

Still, the US ban has impacted the company’s growth. According to Xu, the figures are lower than what they expected. If the ban continues to exist, it would hurt the growth even more and create a “difficult” environment for the company. Xu said that the company’s first priority for next year is survival.

While Trump administration has considered Huawei as a national security threat, its officials have also advised other nations like India to refrain from using Huawei’s 5G technology.

Still, the Chinese tech giant has grabbed a chance to participate in India’s 5G deployment trials in early 2020. It has joined the likes of other telecom equipment manufacturers, including Erricson, Cisco, and Samsung, who will also take part in the trial.

Speaking of future-proofing itself, Huawei is also developing its operating system called HarmonyOS that will help the company if Google’s Android gets out of the picture.

Source: TechCrunch

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