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The respectable analyst Ming-Chi Kuo, who has proven his worth with surprisingly accurate forecasts, has released a new report looking at more options for the development of events around Huawei’s mobile division, which was hit the hardest by the sanctions from USA Both scenarios considered by the expert cannot be described as positive for Huawei, but nevertheless, a significant reduction in the company’s market share and a decrease in competitiveness are the most optimistic. The latter will inevitably lead to a decrease in the cost of smartphones.
Huawei may exit the mobile device market
According to the pessimistic scenario, the manufacturer will completely abandon the mobile device market, which will be good news for foreign competitors such as Apple or Samsung, as well as other Chinese companies such as Oppo, Vivo and Xiaomi. We will recall, two weeks earlier, that the United States Department of Commerce began to suppress possible ways to circumvent sanctions for the Chinese technology giant.
Huawei made $ 35 million every day for the first half of the year
According to the Securities Times, Huawei Investment Holdings Co., Ltd. recently published its first semi-annual financial report on the interbank market. In the first half of 2020 (first half of 2020), Huawei achieved an operating income of 450.7 billion yuan ($ 65.6 billion). This is a year-on-year increase of 13.67%. In the same period, its net profit is 43.1 billion yuan (6.2 billion US dollars), a year-on-year increase of 23.49%. This means that Huawei made around $ 35 million in profit every day during the first half of 2020.
Huawei’s operating results for the first half of 2020 show that in the first half of 2020, the company achieved sales revenue of 454 billion yuan ($ 66 billion). This is an annual increase of 13.1% and a net profit margin of 9.2%.
Huawei’s first semester 2020 report card looks great
Huawei’s consumer business has the highest revenue of 255.8 billion yuan ($ 36.5 billion). However, its carrier and corporate businesses recorded 159.6 billion yuan ($ 22.8 billion) and 36.3 billion yuan ($ 5.1 billion) respectively.
Huawei’s first half 2020 business results show the company doing well despite numerous bans. Recall that the United States did not ban Huawei and went to sleep. He is also pressuring his allies to ban Huawei as well. Since then, countries like Australia and New Zealand have banned Huawei’s 5G equipment from their network. The latest country to ban Huawei from its 5G network is the UK
Despite all this, Huawei seems to be doing well, at least for now. In 2019, the company shipped around 240 million smartphones, a new record. In April 2020, Huawei ousted Samsung to become the world’s largest smartphone brand, a position it held in May. Furthermore, Huawei is currently the world’s largest 5G smartphone provider. The company was able to achieve all of this despite the ban from the United States and other allies.
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