Despite sanctions, Huawei significantly increases profits

Huawei was about to be hit by US sanctions and lost, but Huawei reversed the equation and made unexpected profits in the first half of 2019, while recruiting 10,000 developers into the project " Alternative Plan ".

President Trump's plan to punish Chinese Huawei seems to have failed. According to economic reports and figures from China, experts have noted that the Chinese dragon was not affected by the sanctions imposed by Washington on the Chinese telecommunications giant. In addition, Huawei was able to increase its profits, contrary to what the businessman and President Trump expected.

"Huawei's profits for the first half of 2019 amounted to more than 401 billion yuan, or about 52 billion euros, representing a growth of 23.2%," said the website. Handelsblatt, a German newspaper.

The German technology company Giga said that the equivalent of 28.7 billion euros came from work on products sold to end users, mainly smartphones. "The sales are well behind the US sanctions, but they resumed soon after the recovery," said a leader of Huawei, cited by the website.

According to Huawei, the company sold 118 million smart phones in the first half of 2019, an increase of 24% over the previous year. The report, published by Handelsblatt, stated that the most popular phones sold by Huawei were a device Nova 5 , Which sold in one month about two million pieces in China alone. For Huawei phones of medium size, such as P20 Lite, Was the best – selling device in Germany last year. The site itself said that despite the recovery and non-vulnerability to US sanctions, 10,000 developers are working day and night as part of the plan. B Which means apparently eliminating the reliance on American technology for the operation of the phones, especially after the decision made by the operator of the Google Inc. Android system against the company, which then withdrew.

Trump's attempt to punish Huawei appears to have prompted the company to seek alternatives to US-based business technology, which will open up other economic and technical benefits that could allow Huawei to break the control of the company. 39, Apple, Microsoft and Google on the operating systems sector.