Huawei revenue swelled to US$64.3 billion by spanning 5G, cloud, AI and industry Applications

- Advertisement -

Huawei top brass are making a rare appearance in the limelight this week at an online summit for customers and media. The modest conference over several days is a shadow of the expansive company events of the past, like the annual Shanghai confab where 20,000 customers would pack out a convention center.

Huawei revenue raises to US$64.3 billion by spanning 5G, cloud, AI and industry Applications

But even so, the intense interest in the company meant the event caught the attention in advance of international media.The title, “Better World,” gives a sense of the charm offensive nature of the event. The driving theme is the potential for 5G, Huawei and mobile in general to tackle the coronavirus and drive the recovery, not to mention help deal with climate change.

- Advertisement -

Guo Ping, the current rotating CEO, pointed to the company’s healthy 450 billion-yuan (US$64.3 billion) revenue from a “complicated” first half and promised to continue investing heavily in R&D.

“We’re keeping focus and doing what we do best,” he said, hitting some familiar talking points. “We play a vital role in the global ICT industry… We have a broad set of capabilities spanning 5G, cloud, AI and industry applications.”

- Advertisement -

For operators rolling out 5G, he advised: “Prioritize customer experience and spend money where it is needed most to maximize value of existing networks.
“5G deployment should prioritize hotspots and key industry applications. This is the only way to unlock the potential of 5G.”

Some of Huawei’s efforts in unlocking 5G’s potential are of genuine interest to the wider industry.

- Advertisement -

Guo spent some time on the role of Huawei and partners during the pandemic crisis early this year. China Telecom famously built a pop-up 5G network in 24 hours that allowed, among other things, doctors to carry out remote ultra-sounds from 700km away.

Telemedicine was one of nine areas where the telecom industry can help deal with COVID-19 and assist in the recovery, Guo said.
Beyond healthcare, he cited manufacturing, aviation and smart city use cases.

He said a Chinese aircraft maintenance firm was now carrying out remote aircraft inspection with the help of 5G-enabled 4K livestreams, cutting labor cost alone by nearly four-fifths.

In aviation, Hong Kong airport’s 5G private network had created a new ecosystem for the airport and partners, with the ability to analyze passenger and baggage flows and enable baggage tracking and self-driving baggage trucks.
In Xiong’an, the new development hub under construction near Beijing has 7,400 5G base stations that deliver network slices for smart banking, autonomous driving and environmental monitoring.

Guo said the expansion into smart city services was “a clear trend” among carriers in which they could use 5G, edge and cloud to deliver services without adding significantly to their existing cost burden.

- Advertisement -
54ca55847d158ec6eef7f5639530055c - Huawei revenue swelled to US$64.3 billion by spanning 5G, cloud, AI and industry Applications
Press Release
Press Release account of TechWafer, PRs are published through this account

More from author

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related posts

Advertisment

Latest posts

Customize your fashion sense with TECNO’s Camon 17

In the current tech-driven era, smartphones have become more than devices just used for calling and messaging. The young generation looks for modern devices...

iPhone 13 lineup release date, Price, Specs and rumors

Aspiring this tech-savvy world and set trends for all other handsets across the globe, an annual refresh of the iPhone succeeds in setting the...

Realme X7 Max tips, tricks and features

Aside from the new hardware tech like 5G support,120 Hz AMOLED screen, 50W Super Dart fast charging and countless other things, Realme X7 max...

Want to stay up to date with the latest news?

We would love to hear from you! Please fill in your details and we will stay in touch. It's that simple!