Before the US ban, Huawei It was on its way to becoming the world’s largest mobile phone brand. In fact, the company continued to be number one even after the ban, but only for a short time. Now, there are reports that Huawei has passed the North American ban and is getting stronger.
US sanctions failed to stop Huawei
Huawei yesterday announced its latest sales forecasts for the past few months. The company assumes that sales will be at the level of the previous year, according to its own disclosures. At the same time, the group leader noted that he has managed to stem the decline in revenues, which has remained flat since the US sanctions came into effect.
Embargo United States of America This has become the “new normal” for Huawei, so you have to deal with it daily and face it “as usual”. Chinese. Eric XuThe fact that the CEO of Huawei sent a positive note in the letter he wrote to the employees was also reflected in the media. A letter to reaffirm the company’s determination to survive.
However, Xu did not say anything about Huawei’s benefits. Then, It is unclear whether the company will make a profit or a loss.. We probably won’t know for a few months, because Huawei won’t release its 2022 business figures until spring 2023.
How did the Yankee ban affect the Chinese company?
Huawei has seen a huge drop in sales since the US sanctions went into effect. The ban prohibits US companies from supplying the Chinese company with products developed or manufactured using US technology.. Of course, sales are no longer at the level they were before the US embargo began.
Meanwhile, Huawei has changed its business lines many times. The company now has new partners and is making more and more money from its patent portfolio, among other things. An example of this is that Huawei will no longer be able to sell 5G mobile phones under its own brand. However, the company now acts as a licensor of hardware designs, as seen in the recent example of the former French brand. wiko. This Wiko 5Ga famous mobile Huawei Nova 9 SEIt supports 5G and is available in China.
Source: Cincodias Elpais
