Illustration by Alex Castro / The Verge
Huawei’s revenue grew by 19.1 percent last year to around $121 billion, but the company says those numbers would be far higher if the United States had not cracked down on its ability to do business. Due to a trade ban initially ordered last May, Huawei is unable to acquire US parts and software or sell its products in the US. That has cut the company out of an important market and hurt its ability to compete outside of China.
“The consumer business has been the major business for our growth,” said Vincent Pang, president of Huawei’s western Europe business, in a call with reporters to discuss the company’s 2019 financial results. He called 2019 a “big challenge” for the company.
“That gave us a quite a big difficulty.”