Huawei, the Chinese multinational technology company, announced its income surged 9.9.% since January without revealing its sales numbers in the third quarter. Huawei has gained $100.4 billion since the beginning of 2020.
The surge, however, stopped following U.S. sanctions and the COVID-19 outbreak.
Under the U.S. sanctions, Huawei will have only limited access to the American market. The Chinese smartphone company is regarded as a security threat, according to the White House.
Some executives believe that the company’s sales might be affected as a result. Yet, Huawei has started to use China’s own components in its production. Sales have risen in China but declined in foreign countries as its smartphones no longer come with Google applications such as maps, music, etc.
Only recently, Huawei released the Mate 40, its new smartphone, which is looking like a new success at this point!