Thursday, August 1, 2019

Huawei sales skyrockets despite Trump's crackdown

Despite the trade-war, the fast growing company still boasts of 23 % increase over the previous quarter, that is surprising despite the Trump stifling on Huawei merchandise being oversubscribed on United States

In April-June quarter, Huawei created 221.6 billion yuan ($32.2 billion). the company sold-out 118 million Huawei smartphones within the half of the year, fifty nine million in every quarter within the first quarter.

According to the Huawei's Chairman Liang Hua, Tuesday's sale was smooth despite the restrictions in the United States and core products have not been significantly affected.

Due to the Trade-war, Huawei managed to grow 31 percent year-on-year to capture 38 percent share at home and China is responsible for its biggest markets share of 64% smartphone shipments. Whereby, according to the reports, all the company’s competitor such as Xiaomi, Oppo, Vivo, and Apple experienced Smartphone markets share declines.

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