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Huawei announced record financial results for 2018, net profit jumped 25%

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Huawei has announced record financial results for 2018. Huawei said revenues topped $100 billion in 2018 despite a US-led campaign against the business on fears it poses a security threat.

The firm revenue for 2018 hit $107 billion ( 721.2 billion yuan). Huawei is surpassing the $100 billion mark for the first time. Huawei’s net profit jumped to $8.8 billion (59.3 billion yuan), an increase of 25%, reports Reuters.

The global revenue surged 19.5% in 2018, its fastest pace of growth in two years. The result was supported by strong sales of smartphones in China.



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In consumer business, the company recorded a massive $52 billion (348.9 billion yuan) in revenue for 2018. This is also the first time the consumer business accounted for a majority of the revenue, with year-on-year numbers increasing by a massive 45.1%. Huawei ended up selling over 200 million smartphones in 2018.



Sales from its network equipment division accounted for a decent chunk of the revenue, with the unit bringing in $43.9 billion (294 billion yuan). That number was slightly less than the $44.4 billion the unit posted in 2017. At the same time its carrier business, which sells telecoms infrastructure to countries around the world, eased 1.3%.

Huawei is the world’s largest maker of telecoms equipment. It faces a growing backlash from Western countries on concerns over the security of its products used in next-generation 5G mobile networks.

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The US, Australia, and New Zealand have all blocked local firms from using Huawei to provide the 5G networks equipment.

Huawei is set to continue its double-digit growth in 2019, with revenue for January and February seeing a YoY increase of 30%.

Complete report here…

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Most of Deng Li's smartphones are from the Huawei ecosystem and his first Huawei phone was Ascend Mate 2 (4G). As a tech enthusiast, he keeps exploring new technologies and inspects them closely. Apart from the technology world, he takes care of his garden.

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Huawei established new Digital Energy Technology company to research on digital energy

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Huawei

Huawei established a new company registered under the name Shanghai Huawei Digital Energy Technology Co. Ltd. The company has Zhou Taoyuan as its representative with a registered capital of 20 million yuan.

The main objective of the company is to research and develop the most efficient energy resources. Its work mainly involves:

  • Online energy metering technology research and development.
  • Online energy monitoring technology research and development.
  • The power industry energy-efficient technology research and development.
  • Emerging energy technology research and development.
  • Energy recovery system research and development.

The establishment of Shanghai Huawei Digital Energy Technology shows that Huawei may conduct research and development in the field of electric vehicles, deepening its existence in vehicle manufacturing.

Huawei Digital Energy Technology

Looking at the equity prices of Huawei solely owns the company with 100% Digital Energy Holdings. It can be regarded as Huawei’s yet another fully owned subsidiary.

Huawei already has a number of patents registered related to the automotive industry. The Chinese tech giant is also working on a number of technologies for autonomous driving.

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There are several patents that Huawei has applied that can optimize algorithms, realize all-weather operation, automatic parking, and more.

Huawei Digital Energy Technology company

Huawei and GAC plans for smart electric SUV

In the related news, the GAC Group has recently announced its partnership with Huawei. Both these companies are planning for a new smart SUV that will integrate all the smart car solutions of Huawei and the resource of GAC.

It will be a pure electric vehicle. Furthermore, this smart car is said to enter mass production by the end of 2023. Read more here

(Via – It Home)

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Huawei joins the list of top three global innovators, jumped two place compared to last year: EU Rankings

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The 2020 EU Industrial R&D Investment Scoreboard ranks the research investment levels of 2500 companies across the globe that covers 90% of the world’s business-funded R&D.

According to the 2020 EU Industrial R&D Investment Scoreboard, Huawei heads to third place which is a jump of two places compared to last year. In 2019, the Chinese tech giant has got fifth place on the scorecard.

Huawei

Huawei’s Chief Representative to the EU Institutions said – “The EU confirms that Huawei is now among the top three innovative global companies. To maintain the European way of life for its future generations, Europe will need to use the best technologies and innovations. Huawei stands ready to team up with Europe for a joint bright future,”

Most of the global research that Huawei carries out takes place in Europe. The company has established its first research center in Sweden in the year 2000. With a series of partnerships with over 150 European universities, Huawei is deeply embedded within the ICT research ecosystem in Europe. Through this collaborative research activity, Huawei makes Europe fit for the digital age.

Huawei believes that international research collaboration strengthens EU competitiveness and contributes to climate change mitigation, thus strategically supporting the European Green Deal.

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Trump orders US companies to look for an alternative to China, stocks slide

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On Friday, U.S. President Donald Trump said, “our great American companies are hereby ordered” to “immediately start looking for an alternative to China, including bringing your companies HOME and making your products in the USA.”

The U.S. President also said he is ordering all carriers, including Fed Ex, Amazon, UPS, and the Post Office, to SEARCH FOR & REFUSE,….all deliveries of Fentanyl from China (or anywhere else!). Fentanyl kills 100,000 Americans a year.

Trump bans agencies from direct purchasing of Huawei network gears and services

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President Xi said this would stop – it didn’t. Our Economy, because of our gains in the last 2 1/2 years, is MUCH larger than that of China. We will keep it that way!” he added.

Mr. Trump tweeted. “I will be responding to China’s Tariffs this afternoon.”

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The U.S. President tweets came after China hiked tariffs on $75 billion of U.S. products.

According to CNBC, Semiconductor stocks and shares of Apple slide after President Trump tweets. Shares of Apple fell as much as 4.5%, while the VanEck Vectors Semiconductor ETF declined 4%. Among the chip companies, Qualcomm slid 4.5%, Nvidia lost 4.8%, Advanced Micro Devices dropped 6.6%, Micron fell 4.2% and Broadcom slid 5.3%.

The tech-heavy Nasdaq was off 2.1%, while the Dow Jones Industrial Average slid 2.2% and the S&P 500 fell 2.4%.

Huawei reconfirms the EMUI 10 beta schedule for its smartphones

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