Huawei posts strong revenue in 2020 despite US ban

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Huawei’s 2020 annual report has been published and the company reports that the numbers are in line with what was forecasted: “marginal growth”. Huawei’s sales revenue weighed in at CNY 891.4 billion ( $136.7 billion) with net profit CNY 64.6 billion ($9.9 billion). Revenue is up 3.8% YoY and profits are up 3.2% YoY. This is despite US sanctions that were set in 2019 by the Trump Administration.

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