US hurting sanction against Huawei badly !

Lahore: US sanctions against Huawei have severely affected its global business and in 2020, its revenue slowed sharply. Still, the Chinese tech giant, if the United States does not change, will fight to grow its business and gain trust in other countries. Its policy towards the company.

The annual results for 2020, released in March, show that Huawei's growth rate has slowed, with the Chinese tech giant's sales revenue growing 3.8 percent year-on-year to about 6 136.7 billion. Nevertheless, net profit rose 3.2pc to 9. 9.9bn. Restrictions that cause serious operational difficulties for the firm and in 2019 and 2020.

“The US sanctions have had a very big impact on Huawei’s business. If not for this impact, I think the company’s latest annual report would probably have shown 15pc or 20pc growth – both in terms of revenues and profits,” Karl Song, global vice president of corporate communications at Huawei, explained in response to question by Dawn during a media roundtable recently.

Now, the number of high-end smartphones the company is shipping has declined dramatically. But thanks to the “8” part of our “1+8+N” strategy, which increased by 65pc, the impact on its revenues was not so serious. In fact, the Chinese tech giant saw growth of 3.3pc last year. In the company’s 1+8+N strategy, “1” refers to the smartphones, while “8” includes PC, tablet, TV, audio, glasses, watches, locomotives, and headphones. On the other hand, “N” refers to mobile offices, smart homes, sports and health, audio-visual entertainment, and smart travel products.

Mr Song said: "We recognize that US sanctions have had a huge impact and will continue to create difficulties in 2021 and 2022. It is very difficult for us but as a big company we are flexible and we need growth. Some more engines can be found. " . The digital transformation market is booming. The cake is growing, so Huawei can get a piece of this big cake, and that's enough to keep it alive. So we believe we can survive.

The official said the company is continuing to invest very heavily in R&D to secure Huawei solutions and innovative products that allow it to better serve its customers and to create value for them.

“Huawei has almost 200,000 people working for it. They never give up,” he added.