Huawei's Revenue Rises Despite US Sanctions

Huawei is facing severe sanctions from various countries, including the United States, but sales of its devices have increased over the first half of this year.

The company released its January-June 2020 report, which said revenue rose 13 percent to 454 billion yuan.

According to the report, the revenue growth in the first quarter was negligible due to the US campaign against the company's networking devices and the epidemic of Corona virus, which affected the sales of smartphones.

The White House has launched a global campaign against Huawei, urging allies not to use the Chinese company's 5G wireless networks.

According to the United States, doing so would increase the influence of the Chinese Communist Party. On the other hand, Huawei denies all these allegations, saying that it is an independent company and its products cannot endanger anyone.

Huawei was approved by the UK in January to be part of the 5G network, but a decision is being made to ban it there as well, but no date has been set yet.

According to the semi-annual report, the company grew by 9.2% during the period, compared to 7.3% in the first quarter.

The company's smart devices division was the highest earner, selling 256 billion yuan worth of products such as smartphones, tablets and others, while the carriers division accounted for 160 billion yuan and the rest of the revenue was part of the enterprise unit's performance.

Huawei has been tasked with building most of China's 5G networks, with the goal of reviving the Corona virus-infected economy by 2020 with the construction of fifth-generation wireless networks.

The Corona virus outbreak has affected smartphone sales around the world, with Huawei overtaking Samsung for the first time in April to become the world's number one smartphone maker.

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