While the U.S. commerce department has sanctioned the Huawei last two months, the company continues to grow despite all the difficulties. However, 5G happens to be a sole roadblock for company as the revenue was expected to grow by 21% at the end of last year.

Then again in April the Chinese tech giant recorded a 39% revenue increase for the first quarter of the year, but then, because of the U.S. ban imposed upon the company, the outlook wasn’t optimistic.

Irrespective of the 5G roadblocks and U.S. restrictions on the company, Huawei managed to record a 30 percent increase in revenue for the first half of the year, from January to June.

The U.S. is still considering restrictions and permitting licenses on non doubtful products and services that doesn't jeopardize national security, which not only affects Huawei’s supply chain, but also the sales of its current product portfolio.

The outlook isn’t sure for the immediate future, but Huawei is really doing a great job steering the ship in troubled waters, at least based on its financial numbers.

Rotating chairman Ken Hu expected back in April, that the faster-than-expected rollout of 5G networks would result in double-digit growth for Huawei’s carrier division this year.

Thus far the company appears to be on track. With Huawei selling more than 100 million smartphones in the first five months of the year, smartphone sales are also increasing compared to last year.
(Source)
Axact

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