With the calendar crossing the half yearly mark, Huawei has announced its financial report for the period. In the report, the Chinese tech giant has witnessed a positive trend with both its revenue and net profit increasing by 13.1 percent and 9.2 percent respectively year on year.
The financial report revealed that Huawei generated 454 billion Yuan (roughly 64 billion US Dollars) in revenue. Out of this, the carrier business brought in 159.6 billion yuan, while the enterprise business brought in 36.3 billion Yuan. The company’s consumer business, which includes smartphones, generated 255.8 billion Yuan in revenue.
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Looking at these figures, it is clear that more than of Huawei’s income is from its consumer business that has it sell tablets, smartphones, wearables, and many other products across the globe. Although, the networking gear and carrier provider aspect of its operations is brought the ban on the company, and accounts for just 35 percent of the total revenue.
Additional reports regarding financial figures of the first half and second quarter are expected to arrive later this month. These will hopefully provide a larger picture of its global smartphone market as well. The first half of 2020 suffered the brunt of the Coronavirus pandemic, so the figures will reveal how Huawei stands amongst its various other competitors.
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(Via)
