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Huawei Revenue Hits Record High of $122bn; To Be Included in India's 5G Spectrum Trials

Professor of Financial Economics and Part-time Value Investor, Transfin.
Dec 31, 2019 10:36 AM 1 min read

Huawei's revenue hits record high of $122bn in 2019 despite US sanctions. To be included in India's 5G spectrum trials. 



Huawei's revenue hits record high of $122bn in 2019 despite US sanctions.

A Fighter: Chinese telecommunication giant Huawei reported a record increase in revenue to $122bn for 2020. It sold 240 million handsets this year, up from 206 million last year. The news comes despite multiple attempts by the US to curtail its global business on the grounds of threat to national security. 


Hit Refresh: The US added Huawei to the Commerce Department’s trade blacklist this year, and placed new restrictions on its ability to sell to - and maintain commercial relations with - American companies, while urging its allies to not use Huawei products.


However, Huawei cautioned that growth next year could prove more challenging. TechCrunch


Meanwhile...: Union Telecom Minister Ravi Shankar Prasad announced that India will be opening up its 5G spectrum for trials to all telecom equipment manufacturers, including Chinese telecom giant Huawei. Firstpost


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