Huawei boosts up profit to 28.1pc

Huawei boosts up profit to 28.1pc

Huawei boosts up profit to 28.1pc

Actually, while Huawei is getting hit in the pocketbook, US consumers are missing out on the opportunity to buy the just unveiled Huawei P20 Pro with its high-end specs and a triple camera setup in back.

Huawei has had its sights set on expanding into the US wireless market in a major way for years.

On Friday, the CEO of Huawei's consumer business, Richard Yu, told CNET via an email that the company isn't backing down of its goal to expand its business in the U.S. "We would never compromise that trust", he stated.

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And if the company does manage to reverse those trends, it will still be a hard sell for US consumers after several warnings from the country's defense departments. The warnings specifically discourage consumers from purchasing devices from Huawei and Xiaomi, but they vaguely describe the reasons behind doing so. Much of trouble that Huawei has been faced with comes as USA authorities are concerned about its close ties to the Chinese government.

A partnership between Huawei and American operator AT&T to sell smartphones in the U.S. fell apart in January. Verizon has also backed away from the same deal.

Huawei has brought some of the trouble on itself by using shady tactics like encouraging fans to post fake reviews on Best Buy's website for a phone that hadn't even launched.

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Yu also talked up the relationships his company has with other major global carriers around the world, seemingly to suggest that the U.S.is the only country with these security fears.

"We will actively pursue open collaboration, attract and cultivate top talent, and step up efforts in exploratory research".

Later in the quarter, retailer Best Buy - which has been offering Huawei's smartphones SIM-free and unlocked, along with Amazon and other companies in the United States - reportedly made a decision to cease stocking the devices. This is the company's latest experience to compete directly with Apple and Samsung in high-end devices. The company's revenue in North and South America shrank 11% to 39 billion CNY. This is in spite of not being able to do business and sell its products in the US market. Huawei P20 Pro gets a triple rear camera setup, while the P20 has dual camera setup at the back. "Even without the United States market, we'll be No. 1 in the world", he was quoted as saying after the unveiling of the new P20 series by Channel News Asia.

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