Huawei declares crisis over: US embargo successfully curbed


Ren Zhengfei Huawei
Huawei founder

Before the U.S. ban set in, Huawei was all set to become the largest mobile phone brand in the world. In fact, even after the ban, the company still took the no. 1 spot but for a short time. Now, there are reports that Huawei has moved past the ban. Huawei yesterday announced its latest sales estimates for the past few months. According to its own statements, the company assumes that sales will be at the previous year’s level. At the same time, the head of the group said that the decline in revenue, which has continued since the US sanctions came into force, has been successfully stopped.

Ren Zhengfei Huawei

The US embargo has now become the “new normal” for Huawei, so you deal with it in everyday life and deal with it “as usual”. CEO Eric Xu struck a positive note in a letter to employees, which was also made available to the media.

Gizchina News of the week


Does Huawei make any profit?

However, Xu didn’t say anything about Huawei’s profits. Thus, it is unclear whether it’s going to make a profit or make a loss. It will probably only be clear in a few months because Huawei will not publish its business figures for the entire year 2022 until spring 2023. Huawei has seen a massive drop in sales since US sanctions came into effect. The ban prohibits American firms from supplying the Chinese company with products that were developed or produced using US tech. Of course, sales are no longer at the same level as before the US embargo began.

Ren Zhengfei

In the meantime, however, Huawei has changed its business areas many times. The company now has new partners and, among other things, is also increasingly the monetization of its patent portfolio. An example of this is that Huawei can no longer sell 5G-enabled mobile phones under its own brand. But the company now acts as a licensor for hardware designs, as was recently seen with the example of the former French brand Wiko. The Wiko 5G, a rebranded Huawei Nova 9 SE mobile phone supports 5G and it is available in China.

Source/VIA :
Previous Honor 80 Pro straight screen real image leaks
Next Check Out The Official Looking Renders for the Samsung Galaxy A34 and the A54

2 Comments

  1. January 3, 2023

    When will come Huawei P60 Pro?

  2. January 9, 2023

    Hire A Guaranteed Crypto Recovery Hacker

    My name is Chloe here’s my recommendation,

    One of the best hackers out there is recoverymasters@email.cz He can fix your low credit scores, Recover Your Lost or stolen cryptocurrency, spy on your spouses to know if they are cheating, clear bad criminal record (databased)…… Just name it any kind of hack you can think of he can break the code and get it done, he is reliable, trust worthy and he deliver right on time, the job he carried out for me was perfectly done and the best part of it all is your secrets are safe,,,,