Chinese brand Huawei has indeed been in a load of trouble. While the company has as once the global leader in 5G technology, everything changed when the US decided to blacklist the manufacturer back in 2019. The company then ended up facing a turbulent time subsequently as it grappled with an even stiffer US sanction. Indeed the impact of the US blacklist has gone on to reflect in the financials of the company – as it did indeed release its mid-year report going on to show a 29.4% decline in its overall revenue from last year. Indeed the consumer electronics arm of the company was the most affected as revenue plummeted by 47% from 2020. This was of course due to the chip challenges as well as the software blockade which resulted courtesy of the US blacklist. Most significantly, Huawei had to sell its Honor brand as a survival strategy.
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However, the half year results also go on and reflect the new focus of Huawei in the pursuit of the company’s ambition as a software hub. The revenue gathered from enterprise activities was subject to a 18.2% percent growth from last year, and this is indeed predicted to continue seeing an upward movement. The brand’s resilience is of course further reflected in its expansion in its ecosystem which of course goes on to include cloud-based solutions. The HarmonyOS operating system which of course rivals Google’s Android OS happens to be Huawei’s perfect response to the US blacklist. As of now, there are around 15 million devices that are making use of the HarmonyOS – with this number only bound to increase by the year’s end.Â
Over the course of the last few months also we’ve seen a large number of product launches by Huawei and the outlook does indeed remain bright for the year.
