By Bastien Lion (@bastienlion) Share:

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The American sanctions of summer 2020 are still wreaking havoc on Huawei figures.Its latest half -yearly results report a 29 % drop in turnover from one year to the next.

A year after the sanctions established by the Trump administration, Huawei draws the language more than ever.The Chinese manufacturer has just published its results for the first half of 2021, and while those presented in March for the 2020 year were still illusion, the latest figures are far from being beautiful.

Its turnover thus amounts to 320.4 billion yuan, just under 50 billion dollars.Income that may seem important, but which are in falling 29 % compared to the first half of 2020.The ""consumption"" division, which includes in particular cell phones sales, alone records a 47 % drop in revenues generated, and fell to 135.7 billion dollars.

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Huawei loses foot, including in China

Only the manufacturer's net profit margin is up, from 9.2 % to 9.8 % from one year to the next.A meager consolation for Huawei, who experienced a most brutal fall in the space of barely over a year.Deprived of Android and Google applications by American sanctions, excluded from the 5G market in some European countries, the company plummets even in China, where it came out of the classification of the 5 largest sellers of smartphones.Ironically, the fifth manufacturer of this ranking is none other than Honor, from which Huawei had separated last November so as not to take it in its fall.

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From now on, the time is no longer for performance, but for preserving what can be saved.""Our goal is to survive, and do so sustainably,"" said Huawei president Eric Xu, in the press release accompanying the results.""We have gone through a difficult period, and all our employees went forward with extraordinary determination and force.[…] For the future, we continue to believe deeply in the virtues of technology to provide new solutions to the problems that the world is currently faced.We will continue to innovate to contribute to the construction of an intelligent and low carbon world world.""

Bastien Lion@BastienLion

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