180 days into the US ban, is Huawei too big to fail? | andropet
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180 days into the US ban, is Huawei too big to fail?

By Bogdan Petrovan

Huawei AppGallery

On May 15, 2019, the US government added Huawei to its now-infamous “Entity List” of companies that are barred from buying American products. Ostensibly, the reason is a vaguely defined, but hard-to-dismiss risk to national security.

This was no mere bureaucratic nuisance. Within days, all hell broke loose: Google confirmed it had suspended Huawei’s license, and in quick succession, many other companies and organizations cut ties with Huawei, the world’s top telecom company.

With the avalanche of bad news, some were quick to predict Huawei’s demise, but the company has so far vexed the death-watchers. Six month in, Huawei is not exactly thriving, but it’s still doing incredibly well. By many measures, it’s growing.

Huawei is still raking in billions

In the first nine months of 2019 Huawei generated revenues of 610.8 billion yuan (~$87.3 billion), up 24.4% compared to the same time last year. That’s impressive growth for a company that’s fighting for its life, even though it’s slower than the 39% yearly growth rate Huawei boasted in Q1 2019.

Huawei looks set to comfortably clear $100 billion in revenue by the end of the year. That’s a significant milestone because it exceeds what Huawei founder Ren Zhengfei publicly …read more

Source:: android authority


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