Huawei growth weakens as COVID-19, politics bite to make carriers its slowest-growing segment

Huawei has posted its results for the first half of 2020 and the news is mixed. The headline result - CNY454 billion (US$65bn) with 13.1 percent year on year growth – is a lovely number. However in the first half of 2019 Huawei grew by 23.2 percent. So this year’s number is something of a slowdown. Profit margins, however, …

[Yes Me]

Check back in ten years

They'll be fine. They have an enormous domestic market, many eager customers in the developing world where the Writ of Trump does not run, and just a temporary problem in some Western countries. Come back in ten years and you'll see that they will have the benefit of a major new semiconductor supply chain in China itself. The companies like Ericsson who may benefit from the US/China trade war today will be wiped out tomorrow.

British telcos will be running mainly Huawei kit ten years from now.