Huawei’s Revenue Hits Record $122B in 2019 Despite U.S. Campaign • Hacker News Board

Re: Huawei’s Revenue Hits Record $122B in 2019 Despite U.S. Campaign

#31

Post by roenxi » Tue, Dec 31, 2019, 3:11 AM UTC

neya wrote: post #6

I live in a Chinese dominated country. I can tell you this is because of the absurd nationalistic view that the Chinese hold. For example, I know atleast 5 co-workers who sold their iPhones to get a Huawei when the sanction was made. Part of the reason was Huawei phones' prices (even new ones) drastically dropped when the announcement of no more Android support was made, so these guys (and girls) got it at a super go…

> because of the absurd nationalistic view that the Chinese hold

Nothing absurd about it. The US government is trying to coerce the Chinese government. Great time for them to feel nationalistic.

> I tried to understand why, so I threw many arguments at them such as Huawei was actually caught sending data back to 3rd party servers in China and I even tried explaining maybe the sanction is on them because they broke the law/agreement w/ the US.

The core of that argument rests on the idea that Chinese people should accept that the US can dictate how they deal with Iran. And that the US can choose how to enforce compliance to that law. Both of those assumptions are flaky at a basic Chinese-people-should-agree-with-this level.

International rule of law would be nice, but the US doesn't particularly constrain themselves by rule of law in the international sphere - they've invaded a lot of countries on flimsy pretexts. That is much worse than trading with people. After that example, why should the Chinese worry about international rules that are inconvenient? For all the fact that their government is brutal and terrifying it hasn't invaded anywhere in the middle east in the last 20 years.

Re: Huawei’s Revenue Hits Record $122B in 2019 Despite U.S. Campaign

#32

Post by elfexec » Tue, Dec 31, 2019, 3:14 AM UTC

Their revenue is below expectations. Their revenue growth is lower than a year ago. And they lowered expectations for 2020. In other words, the revenue is projected to hit $122B because of the US sanctions, not despite it. Otherwise, the revenue, growth and expectations would have been a lot higher.

Wish the "news" would just print the facts without the spin for a change.

Re: Huawei’s Revenue Hits Record $122B in 2019 Despite U.S. Campaign

#33

Post by frequentnapper » Tue, Dec 31, 2019, 3:15 AM UTC

roenxi wrote: post #31

neya wrote: post #6

I live in a Chinese dominated country. I can tell you this is because of the absurd nationalistic view that the Chinese hold. For example, I know atleast 5 co-workers who sold their iPhones to get a Huawei when the sanction was made. Part of the reason was Huawei phones' prices (even new ones) drastically dropped when the announcement of no more Android support was made, so these guys (and girls) got it at a super go…

> because of the absurd nationalistic view that the Chinese hold Nothing absurd about it. The US government is trying to coerce the Chinese government. Great time for them to feel nationalistic. > I tried to understand why, so I threw many arguments at them such as Huawei was actually caught sending data back to 3rd party servers in China and I even tried explaining maybe the sanction is on them because they broke th…

So then you also agree that Chinese govt should not be allowed to dictate how other countries deal with Taiwan or comment on Chinese govt politically?

Also then you agree that Chinese govt shouldn't be allowed to commit genocide against Uighurs?

Re: Huawei’s Revenue Hits Record $122B in 2019 Despite U.S. Campaign

#34

Post by roenxi » Tue, Dec 31, 2019, 3:15 AM UTC

frequentnapper wrote: post #33

roenxi wrote: post #31

Earlier quoted context omitted.

> because of the absurd nationalistic view that the Chinese hold Nothing absurd about it. The US government is trying to coerce the Chinese government. Great time for them to feel nationalistic. > I tried to understand why, so I threw many arguments at them such as Huawei was actually caught sending data back to 3rd party servers in China and I even tried explaining maybe the sanction is on them because they broke th…

So then you also agree that Chinese govt should not be allowed to dictate how other countries deal with Taiwan or comment on Chinese govt politically? Also then you agree that Chinese govt shouldn't be allowed to commit genocide against Uighurs?

Yes. That seems pretty obvious from what I said.

Re: Huawei’s Revenue Hits Record $122B in 2019 Despite U.S. Campaign

#35

Post by yzh » Tue, Dec 31, 2019, 3:19 AM UTC

neya wrote: post #6

I live in a Chinese dominated country. I can tell you this is because of the absurd nationalistic view that the Chinese hold. For example, I know atleast 5 co-workers who sold their iPhones to get a Huawei when the sanction was made. Part of the reason was Huawei phones' prices (even new ones) drastically dropped when the announcement of no more Android support was made, so these guys (and girls) got it at a super go…

As a Chinese who spent 7 years in the US and now back in China. I can tell the difference between nationalistic view then (before 2010) and now. Common people used to blindly believe the superiority of the system, but now they believe it with evidence. All things considered, more people are well-educated and they do not blindly believe anything any more. So if they do like something, it must have some real benefit. Actually, Huawei has its own PR crisis just a couple of weeks ago when media exposed that one former Huawei employee was wrongfully jailed for 251 days. I have friends switch from Huawei and to Huawei with all kinds of reasons, but mostly, it is performance and price ratio.

Re: Huawei’s Revenue Hits Record $122B in 2019 Despite U.S. Campaign

#36

Post by Iwan-Zotow » Tue, Dec 31, 2019, 3:23 AM UTC

neya wrote: post #6

I live in a Chinese dominated country. I can tell you this is because of the absurd nationalistic view that the Chinese hold. For example, I know atleast 5 co-workers who sold their iPhones to get a Huawei when the sanction was made. Part of the reason was Huawei phones' prices (even new ones) drastically dropped when the announcement of no more Android support was made, so these guys (and girls) got it at a super go…

FTFY

Americans could be patriotic (GOOD!)

Chinese could only be nationalistic (BAD!)

Re: Huawei’s Revenue Hits Record $122B in 2019 Despite U.S. Campaign

#37

Post by bigpumpkin » Tue, Dec 31, 2019, 3:27 AM UTC

ktln2 wrote: post #29

Huawei is (essentially) a state-owned company - I don't think they are calculating revenue using external auditor and comply with GAAP. It is not comparable with any publicly traded companies.

This is false. KPMG audits Huawei's financial statements, and the financial statements are prepared in accordance to IFRS.

Re: Huawei’s Revenue Hits Record $122B in 2019 Despite U.S. Campaign

#38

Post by Iwan-Zotow » Tue, Dec 31, 2019, 3:27 AM UTC

KaoruAoiShiho wrote: post #24

wyxuan wrote: post #15

Earlier quoted context omitted.

Just wondering, what country is this?

Only country that fits the description of Chinese dominated but not Chinese is Singapore.

Taiwan

Re: Huawei’s Revenue Hits Record $122B in 2019 Despite U.S. Campaign

#39

Post by atlasunshrugged » Tue, Dec 31, 2019, 3:36 AM UTC

bigpumpkin wrote: post #37

ktln2 wrote: post #29

Huawei is (essentially) a state-owned company - I don't think they are calculating revenue using external auditor and comply with GAAP. It is not comparable with any publicly traded companies.

This is false. KPMG audits Huawei's financial statements, and the financial statements are prepared in accordance to IFRS.

I've heard about quite a few times KPMG has worked hand in hand with the people it was supposed to be auditing so I'm not sure that's a big plus (ex. S. Africa scandals)

Re: Huawei’s Revenue Hits Record $122B in 2019 Despite U.S. Campaign

#40

Post by atr_gz » Tue, Dec 31, 2019, 3:39 AM UTC

roenxi wrote: post #31

neya wrote: post #6

I live in a Chinese dominated country. I can tell you this is because of the absurd nationalistic view that the Chinese hold. For example, I know atleast 5 co-workers who sold their iPhones to get a Huawei when the sanction was made. Part of the reason was Huawei phones' prices (even new ones) drastically dropped when the announcement of no more Android support was made, so these guys (and girls) got it at a super go…

> because of the absurd nationalistic view that the Chinese hold Nothing absurd about it. The US government is trying to coerce the Chinese government. Great time for them to feel nationalistic. > I tried to understand why, so I threw many arguments at them such as Huawei was actually caught sending data back to 3rd party servers in China and I even tried explaining maybe the sanction is on them because they broke th…

Isn’t the core of the issue more that Huawei defrauded some US banks by promising not to use their money to do business with Iran, then went ahead and did it anyways, leading to the banks in question being fined by the US?

Your characterization seems a bit misleading.