Huawei announced the financial results of its business, corresponding to the first half of 2020, showing a 13.1% growth compared to the same period last year. The results confirm the Chinese company's good positioning in the market, even when it was blacklisted in the United States. IDC EMEA had revealed that the company continued to dominate the market in Latin American countries, and in Russia it was a market leader. In addition, the COVID-19 pandemic has virtually stagnated the entire smartphone industry due to the isolation that has affected the manufacturing and distribution units.
During the first six months, Huawei recorded revenues of 64.88 billion dollars, considering that the consumer business remains the largest share with 56%, infrastructure 35% and the corporate area 8%. It registered net profit values ??of 9.2%, an increase of half a percentage point compared to the same period in 2019, which was 8.7%.
The company did not go into details about the products or what motivated the revenue growth. However, it highlights the role of information and communication technologies as crucial tools to combat the COVID-19 pandemic, as well as an engine for the recovery of the economy. Huawei reiterated its commitment to work with operators and industry partners to keep network operations stable, accelerate digital transformation and help contain outbreaks and reopen local economies, the statement said.
The manufacturer also left an internal incentive note highlighting the importance of an open and trustworthy global collaboration, promising to continue to fulfill its obligations with customers and suppliers. Huawei says it intends to continue to contribute to the global digital economy, regardless of future challenges it may encounter.