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Huawei releases first-half results for 2019, hiding post-ban bad news

TROUBLED CHINESE tech giant Huawei has released better than expected results for the first half of 2019, though as you'll soon see, there's a catch.

The company's decision to publish a full half-year has paid off, showing as it does a 23.2 per cent year-on-year increase in revenue - despite all the trouble being caused by the White House trade ban.

Here's the thing though - most companies report by quarters, including Huawei up to now. Keep that in mind.

It reports revenue of $58.26bn (£47.81bn) with a net profit margin of 8.7 per cent. In the report, Huawei's chairman thanks customers for their ongoing ‘trust and support' adding:

"This has been a unique period in Huawei's history. Given the situation, you might think that things have been chaotic for us. But that's far from the case. We have been working hard to ensure smooth operations, and our organization is as sound as ever. With effective management and excellent performance across all financial indicators, our business has remained robust in the first half of 2019."

However, whilst nobody is accusing Huawei of cooking the books, there's no doubt these numbers are a bit subjective. By burying the most recent figures in the safe haven of a wider period, mostly pre-ban, there may well be more effects than the figures suggest.

For example, an analysis from IDC shows that Huawei's growth in the smartphone sector has stalled completely. Between 2013 and 2018, the company has shown consistent growth averaging at 32.5 per cent between Q1 and Q2 of each period. Last year the figure was 38 per cent, with Q2 of 2018 showing a massive 54 per cent growth.

This year, Q1 figures clocked in at 59 per cent. Impressive. However, the Q2 figures are the same - 59 per cent. So although Huawei hasn't dropped in shipments particularly, it also hasn't grown between quarters for the first time since 2012.

Of course, that's only one sector of a very large business, but given that entire countries are refusing to use its 5G networking equipment, it's quite likely that its not the only part of the business to slow down - but by lumping Q1 and Q2 together into H1 results, it buys the company more time before it comes to light. Eeek.

The news comes as it is revealed that Google and Huawei have been collaborating on a smart speaker, which has been shelved, thanks to the ban.

HUAWEI Honor V10 4G Phablet 4GB RAM 64GB ROM

Details

Main Features:
Display: 5.99 inch, 2160 x 1080 pixels
CPU: Kirin 970 Octa core 2.36GHz 
System: Android 8.0
Storage: 4GB RAM + 64GB ROM
Cameras: front 13.0MP + rear 16.0MP + 20.0MP
Sensors: Geomagnetic Sensor, Gyroscope, Gravity Sensor, Ambient Light Sensor
Features: GPS, Glonass, Beidou, OTG, OTA
Bluetooth: 4.2
SIM Card: Dual SIM dual standby, 1 Nano SIM card + 1 Nano SIM card 
Networks:
2G: GSM: B2/B3/B5/B8; CDMA: BC0
3G: WCDMA: B1/B2/B5/B8; TD-SCDMA: B34/B39
4G: FDD-LTE: B1/B3/B5/B8; TDD-LTE: B38/B39/B40/B41Brand: HUAWEI 
Language: Multi languages 
OS: Android 8.0 
Service Provider: Unlocked 
SIM Card Slot: Dual SIM,Dual Standby 
SIM Card Type: Dual Nano SIM 
Type: 4G PhabletCPU: Kirin 970  
Cores: 2.36GHz,Octa Core 
External Memory: Not Supported 
RAM: 4GB RAM 
ROM: 64GB2G: GSM 1800MHz,GSM 1900MHz,GSM 850MHz,GSM 900MHz 
3G: WCDMA B1 2100MHz,WCDMA B2 1900MHz,WCDMA B5 850MHz,WCDMA B8 900MHz 
Network type: CDMA,FDD-LTE,GSM,TD-SCDMA,TDD-LTE,WCDMA 
WIFI: 802.11a/b/g/n/ac wireless internet 
Wireless Connectivity: 3G,4G,Bluetooth,GPS,WiFi 
CDMA: CDMA BC0 
TD-SCDMA: TD-SCDMA B34/B39 
4G LTE: FDD B1 2100MHz,FDD B3 1800MHz,FDD B5 850MHz,FDD B8 900MHz,TDD B38 2600MHz,TDD B39 1900MHz,TDD B40 2300MHz,TDD B41 2500MHzScreen resolution: 2160 x 1080 
Screen size: 5.99 inch 
Screen type: IPSBack-camera: 16.0MP + 20.0MP 
Camera type: Triple cameras 
Front camera: 13.0MP 
Video recording: 4K VideoMusic format: AAC,AMR,M4A,MKA,MP3 
Video format: 3GP,AVI,MKV,MP4,TSAdditional Features: 4G,Alarm,Bluetooth,Browser,Calculator,Calendar,Camera,E-book,Fingerprint recognition,GPS,Gravity Sensing,MP3,MP4,Notification,OTG,People,WiFi 
Bluetooth Version: Bluetooth V4.2 
Google Play Store: Yes 
I/O Interface: 2 x Nano SIM Slot,3.5mm Audio Out Port,Micophone,Speaker,Type-C 
OTA: Yes 
OTG : Yes 
Sensor: Ambient Light Sensor,Geomagnetic Sensor,Gravity Sensor,GyroscopeBattery Capacity (mAh): 3750mAh 
Battery Type: Non-removableBack Case : 1 
Cell Phone: 1 
Power Adapter: 1 
SIM Needle: 1 
USB Cable: 1Package size: 16.50 x 9.40 x 6.00 cm / 6.5 x 3.7 x 2.36 inches 
Package weight: 0.451 kg 
Product size: 15.70 x 7.50 x 0.70 cm / 6.18 x 2.95 x 0.28 inches 
Product weight: 0.322 kgProduct Notes:
1. Download your favorite apps through the Google Play Store or Market installed.
2. Note: This smart phone is designed only to work with the current Android/Windows OS installed in it. Any alterations such as upgrades or flashing a newer version will void the warranty.
3. The stated ROM amount shows the maximum available ROM with nothing installed. However, the Android/Windows OS and pre-installed software from the manufacturer will occupy some of this ROM. The available ROM on the device will therefore be slightly less than the ROM listed.

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