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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