Tag: huawei
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Huawei moving on 5G while politics plays out
San Francisco, Nov 2 (AFP/APP): Major state telecom operators are rolling out 5G wireless advances in China as the country races to close a technology gap with the United States amid a bruising trade war. The new-generation telecommunication networks move data at blazing speeds, promising economic and technological advantages to countries where they are deployed.…
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Nokia shares plunge on lower earnings forecast
Helsinki, Oct 24 (AFP/APP): Shares in Nokia tumbled 20 percent on Thursday after the Finnish telecommunications equipment maker cut its earnings forecast in the face of intense competition to build the latest 5G mobile networks. While returning to profit in the third quarter, the company said it was downgrading its expectations for earnings and margins…
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Huawei hits 200 mln smart phone sales
SHENZHEN, Oct 23 (XINHUA/APP):Chinese tech giant Huawei had sold more than 200 million smart phones in 2019 by Tuesday, the company announced Wednesday. The news came 64 days faster than last year to surpass the same threshold, He Gang, head of Huawei’s mobile phone product line, told a press conference. Huawei recently launched several new…
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Huawei revenue up despite US pressure
Shanghai, Oct 16 (AFP/APP): Chinese tech giant Huawei said on Wednesday that its revenue for the first nine months of the year grew 24.4 percent year-on-year despite a US campaign to isolate the company globally. Huawei’s revenues jumped to 610.8 billion yuan ($86.2 billion) and its profit margin grew 8.7 percent, the company announced. The…
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Russia rolls out the red carpet for Huawei over 5G
Moscow, Sept 29 (AFP/APP):While the US banned Huawei for alleged espionage and asked its allies to do the same, Moscow has rolled out the red carpet for the Chinese tech company, letting it develop 5G networks in Russia. Analysts say the move is as much a show of solidarity with Beijing against the US as…
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Huawei in public test as it unveils sanction-hit phone
Munich, Germany, Sept 19 (AFP/APP):Chinese tech giant Huawei launched its latest high-end smartphone in Munich on Thursday, the first of its mobile devices not to carry popular Google apps because of US sanctions. “Today because of the US ban… we cannot pre-install” Google’s applications, said Richard Yu, who heads Huawei’s consumer business group, as he…
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China Threatens India on Banning Huawei 5G
China has warned New Delhi of serious consequences on a possible move not to allow Chinese companies to do business in India and has said that Indian companies may face difficulties in their country too. It may be recalled that Indian Telecom Minister Ravi Shankar Prasad had said that India is going to test 5G…
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Huawei reports revenue growth amid US blacklisting Chinese tech-giant.
Chinese tech giant Huawei has recorded much higher growth in revenue collection, up 30 percent than previous year despite being put on blacklist by Washington. According to reports of Baaghitv, the Chinese tech giant Huawei revenue jumped almost 40 percent in the first quarter of the year compared with the same period of 2018, to…
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Google and Huawei Go Their Separate Ways
Hong Kong: Google has decided to restrict Huawei’s access to its operating system and apps. As reported by CNN, this is due to the recent step taken by US President, Donald Trumps’ administration to blacklist the Chinese Tech firm. The recent decision comes as a substantial blow to Huawei’s progress, whose goal was to be…
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Trump declares national emergency over IT threats
President Donald Trump has declared a national emergency to protect US computer networks from “foreign threats”. He signed an executive order which effectively bars US companies from using foreign telecoms believed to pose national security risks. The order does not name any company, but is believed to target Huawei. The Chinese tech giant said restricting…