Huawei was not expected to continue to grow. Mainly with the sanctions imposed by the government of the United States of America. However, that is exactly what is happening.
Contrary to what analysts had expected, Huawei posted a 9.9% growth compared to the same time last year. Speaking of profit, Huawei increased about 8%.
Over 80 billion Euros in profit
In gross numbers, Huawei made a profit of EUR 84 billion in 2020. And attention, because the year is not over yet. It is worth highlighting the adversities of the year 2020.
At a time when Huawei is seriously disabled on smartphones and a pandemic frightens the world like never before.
Smartphones are just a share of Huawei
If you look at Huawei as a smartphone maker, you’d better start thinking about something else. Huawei’s infrastructures are the most profitable sector.
For example, Huawei is responsible for implementing 5G technology in several countries around the world. Including UK. In addition, the growth of the manufacturer in other sectors such as “cloud” and “machine learning (AI)” is increasingly being evidence of the right bet by the brand.
Huawei is not at its best when it comes to smartphones. The brand has been losing to the fierce competition in UK. A lot because their new smartphones lack Google services. However, everything can change with the change of President in the USA.
The November elections are an important milestone for Huawei. If the current U.S. President, Donald Trump, comes out of power, there is still a light at the end of the tunnel for Huawei in the mobile segment.
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