The U.S. trade sanctions struck Huawei in 2020, putting the company in a precarious position when it was forecasted to overtake Samsung as the biggest smartphone brand half a decade ago. The export controls forced the Chinese firm into a corner, but the company continued to overcome overwhelming odds. Sadly, choosing this path meant that Huawei had to increase its expenditure in R&D to secure its future. Unfortunately, its net earnings have taken a toll, and due to this decision, it pocketed a smaller profit in the first half. A massive 32 percent drop in profit had to be endured […]
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