Late Post

Lose-lose US sanctions apply brakes to Huawei’s 2020 progress

With the utmost stress utilized to the corporate by a variety of authorities bans on the usage of its know-how in nationwide communications infrastructures, Huawei’s newest annual outcomes have proven that though its progress slowed, enterprise efficiency was largely in keeping with the forecast, with annual rises in earnings and revenues.

In its 2020 annual report, the corporate revealed gross sales income for the 12 months rounded off at US$136.7bn, up 3.8% year-on-year, and internet revenue reached US$9.9bn, up 3.2% year-on-year. The report additionally confirmed that its provider enterprise continued to make sure the steady operations of greater than 1,500 networks throughout some 170 nations and areas – networks that, Huawei famous, had helped help distant working, on-line studying and on-line buying all through Covid-19 lockdowns.

“Over the previous 12 months we’ve held sturdy within the face of adversity,” commented Huawei’s rotating chairman Ken Hu (pictured above). “We’ve stored innovating to create worth for our clients, to assist battle the pandemic, and to help each financial restoration and social progress world wide. We additionally took this chance to additional improve our operations, resulting in a efficiency that was largely in keeping with forecast.”

Huawei added that over the