Ban, bans, pandemics and lockdowns do not affect Huawei, which in the first part of the year – January 1-June 30 2020 – reports a significant increase in revenue, increased by 13.1 percentage points compared to the same period last year. These, in a nutshell, the results achieved:
- revenues: $ 64.9 billion | + 13.1% on an annual basis
- consumer: $ 36.6 billion
- net profit margin: 9.2%
It is Huawei itself that motivates growth: information and communication technologies are considered one "crucial tool"to fight the virus and a"engine for economic recovery". The work done in collaboration with telephone operators and industrial partners in this period of economic and health emergency was crucial to guarantee"stability of networks, accelerate digital transformation and support efforts to contain outbreaks and reopen local economies".
However, the growth in the first half of the year should not surprise us much, given that the Chinese company – thanks to its internal market, above all – shares with Samsung the first place in the smartphone market (19.7% share for Huawei , 19.6% for Samsung). And even in the first quarter, which coincides with the toughest lockdown in the Asian country, the company led by Ren Zhengfei was able to withstand the impact by reporting an increase in turnover of 1.4 percentage points.
Huawei's is a clear message, which goes far beyond the mere disclosure of the financial data of the first two quarters of the year: the Chinese company intends to underline the need for a relationship of trust with partners along the entire supply chain. The not so implicit reference goes to the boycott against him, born and wanted by the Trump Administration and unavoidably spread in other countries (US pressure has given results) for the fear that (state) plans of international espionage are hidden behind its activities.
"Open collaboration and trust", Huawei says in the statement: hence the call to recover relationships from several parts interrupted – not only in the United States, France and the UK have spoken on the subject recently (albeit in a slightly different way) and also in Italy the first tangible cases of expulsion of the Chinese company from the market are beginning to emerge.
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