While it is not clear whether Huawei’s bad press that is rallied by the U.S. is substantiated or uncalled for, the Chinese technology equipment and mobile phone manufacturer has been doing very good in other markets if its recent earnings are anything to go by. The corporation, which has been banned from the U.S. market and some of the North American country’s allies from selling its phones or telecoms equipment (the phones do not sell in the U.S. officially, although Americans can purchase them from retailers or import them) has managed to make a name for itself by taking advantage of other markets, bearing in mind that the company has also laid groundwork for the deployment of 5G more than its rivals.
According to its financial report, Huawei’s first-quarter sales grew 39 percent from the preceding year to $27 billion. its net profit margin was about 8 percent, a higher value than it registered the year before.
The next wave of telecoms technologies and competition will be based on how fast carriers will launch 5G, and Huawei appears to be ahead of the curve. It has since been rumoured that its technologies are allegedly equipped with spyware and stolen technology, although other markets are skeptical of the negative coverage that is seen as a smear campaign. Huawei’s founder defended the company during the MWC 2019 after citing that some of its innovations are unique to the corporation, hence its upper hand in the 5G business.
At the end of March 2019, Huawei reported having shipped more than 70,000 5G base stations across the globe. It has also signed more than 40 commercial contracts with mobile phone operators.
During the first quarter, Huawei shipped 59 million smartphones. The numbers are projected to grow further, and profits will be pegged on its P30 series of phones that are ahead of the competition in terms of camera capabilities.