Growth in the segment of networks, devices continues to fall | ICT Business | TechBuzz

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Growth in the segment of networks, devices continues to fall


Photo: DepositPhotos
Huawei’s network business returned to growth in the first half of 2022, thanks to the increasing global rollout of 5G and a slowdown in the decline of total revenue that fell for seven consecutive quarters, as rotating president Ken Hu points out, although Huawei’s device business was greatly affected, its group for ICT infrastructure records stable growth.

Huawei Carrier Business Group revenue rose 4.2 percent year-on-year to CNY 142.7 billion (US$21.2 billion), compared with a 14 percent decline in the first half of 2021.

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By the end of June, they had signed more than 5,000 commercial contracts for industrial 5G applications.

Huawei’s device unit’s revenue fell 25.4 percent to CNY 101.3 billion, while Enterprise Group was the best-performing unit, growing 27.5 percent to CNY 54.7 billion.

Recall that Huawei’s smartphone business has been hit again by US trade sanctions, and 2022 could prove to be the most challenging year yet.

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