Chinese giant sales decline due to tensions with Washington

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Results for Huawei in the first half of the year were poor. Between January and June, the Chinese telecom giant recorded a turnover of 42 billion euros, a decrease of 29% over one year. The company suffers from trade tensions between the United States and China.

Contact Huawei de subir la Punishment politics by Donald Trump. The previous US administration accused the Chinese giant of spying for Beijing. The group was later placed on a Black listand preventing American companies from selling them certain technologies, especially microprocessors. Huawei, for example, can no longer install Google’s Android operating systems in its smartphones. Sanctions that the Biden administration did not lift.

Also to listen: China/US: Renewed political tensions and economic sanctions

Huawei is no longer among the top smartphone makers

As a result, sales of the consumer products division, which includes smartphones in particular, fell 47% in one year. US sanctions have forced Huawei to refocus strategically on sectors such as software, enterprise computing or smart vehicles.

Today, Huawei is no longer among the top five smartphone manufacturers, although it was the number one product in early 2020. Not even working with the Chinese manufacturer.

In the first half of the year, sales in this segment were down more than 14% year over year.

Read also: Telecom: Disappointing results for the Chinese giant Huawei in 2020

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