In its latest announcement, Huawei unveiled its business results for the first half of 2020. The company reported a revenue of US$64.23 billion during this period, showing a 13.1% year-on-year increase. Additionally, Huawei achieved a net profit margin of 9.2%. The revenue breakdown by business segments included US$22.58 billion for carrier services, US$5.13 billion for enterprise services, and US$36.19 billion for consumer services.

Amidst the ongoing global challenges posed by the COVID-19 pandemic, the significance of information and communications technologies (ICT) has grown exponentially. ICT not only serves as a vital tool in combating the virus but also acts as a catalyst for economic recovery. Huawei emphasized its dedication to collaborating with carriers and industry partners to ensure stable network operations, expedite digital transformation, and support local efforts in curbing outbreaks and revitalizing economies.

In the face of a complex external landscape, the importance of open collaboration and trust in global value chains has never been greater. Huawei remains steadfast in its commitment to fulfilling obligations to customers and suppliers, and it will continue to persevere, forge ahead, and make substantial contributions to the global digital economy and technological advancements, irrespective of any future challenges that may arise.

Furthermore, Huawei recently introduced its range of budget-focused smartphones in Kenya. As part of its marketing strategy, the company has launched a promotional campaign offering customers subsidized prices on accessories, thereby further enhancing the value proposition of its products to reward customers with subsidized prices on accessories.