Huawei Revenue Reported to Still Increase Despite US Blocking

TEKNOKU.me – Huawei reported an annual revenue of 122 billion US dollars in 2019. This revenue grew 18 percent compared to 2018 (year-on-year).

Although the figure missed the 2019 target of 125 billion US dollars, Huawei Chairman Eric Xu said the revenue was achieved in the midst of blocking by the United States.

Previously, the Trump Administration worried that Huawei would become a US national security threat because its equipment could be used for spying for the Chinese government.

Therefore, in May 2019 the Trump administration put Huawei on the blacklist of the United States bearing the entity list. US companies were prohibited from doing business with Huawei.

One result of this is that Huawei phones from the Mate 30 series can no longer use Google’s various services, such as Gmail and PlayStore.

In addition, the US also blocked all Huawei-made technology products. From network infrastructure devices to the latest cellphones, Huawei cannot be sold in Uncle Sam’s country.

Nevertheless, as income continues to rise, Huawei also recorded an increase in smartphone sales during 2019. The total was 240 million units, an increase from 206 million units in 2018.

Huawei reacted to the blocking by suing the law signed by President Donald Trump.

Looking ahead, Xu acknowledged that the blacklist from the US will further complicate Huawei’s position in its efforts to “survive and thrive”.

One of Huawei’s efforts to survive is to cut the units and managers who are considered unsatisfactory performance. Xu said the company intends to lay off about 10 percent of managers who have performed poorly this year.