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Home Breaking News Huawei gets record results despite US ban

Huawei gets record results despite US ban


Chinese telecom giant Huawei had sales growth in 2020, which was enough to ensure the best result ever.

It shows the annual accounts according to the news agencies Reuters and AFP.

The company’s turnover has increased by 3.8 percent to DKK 8600 billion in the past year.

Huawei’s profit in 2020 has increased by 3.2 percent to 62 billion kroner. It is the highest profit ever, writes AFP.

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Huawei sells, among other things, smartphones, smartwatches, laptops and is also responsible for building and operating mobile networks worldwide – including the new 5G networks.

The increase in 2020 is partly due to the fact that Huawei’s sales to consumers have increased.

It is, among other things, the sale of smartphones, but also smartwatches and laptops have pulled up.

Political storm

Within mobile networks, revenue in 2020 was at the same level as in 2019.

The development covers growth in China, which in turn has been dragged down by lower sales in other parts of the world.

The development in sales outside the US must be seen in the light of the fact that Huawei has been in a political storm in recent years.

Huawei was blacklisted in the United States in 2019 by then-President Donald Trump, who accused the Chinese of wanting to use new 5G networks for espionage.

These are allegations that Huawei has repeatedly denied.

Revenue growth in 2020 has slowed markedly compared with previous years, which has offered growth of around 20 percent.

ritzau

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