Huawei’s struggles amid U.S.-China trade tensions are driving it to seek opportunities in other smart devices, setting itself up against a raft of hardware makers at home and abroad.
The Chinese tech giant recorded sluggish revenue growth in 2020, climbing just 3.8% to 891.4 billion yuan ($136 billion), as its net profit grew 3.2% to 64.6 billion yuan. The results were in line with Huawei’s forecasts, the company said Wednesday at its annual report day in Shenzhen, a rare occasion to get a glimpse into the private entity’s financials.
To put the numbers in comparison, Huawei’s revenues were up 19% and 19.5% in 2019 and 2018, respectively.
+INFO: Techcrunch
