Huawei’s UK Business Nosedives: A Tale of Tech, Politics, and Plummeting Profits
Huawei’s UK business has taken a nosedive, with revenue plummeting from £1.26 billion in 2019 to just £188.2 million in 2024. Blame it on politics and tech colliding like a bad rom-com. While Huawei’s global presence grows, in Britain, it’s all about servicing existing products and selling consumer tech.
Hot Take:
Huawei’s UK business is like a bad breakup song—full of regret, shrinking revenues, and a chorus that screams “Why didn’t we see this coming?” As they say, all’s fair in love and geopolitics. While Huawei’s influence in the UK is fading faster than a pair of worn-out jeans, the tech giant’s global resilience is the plot twist no one saw coming. Someone call Hollywood; we’ve got the next great espionage thriller right here, featuring 5G, foldable smartphones, and a sprinkle of political drama!
Key Points:
- Huawei’s UK revenue in 2024 plummeted to £188.2 million from £1.26 billion in 2019.
- UK’s ban on Huawei for 5G networks has driven this decline.
- Huawei’s UK workforce shrank from 885 in 2019 to 176 in 2024.
- Globally, Huawei’s business grew by 22% in 2024, despite Western restrictions.
- The UK market struggles with 5G deployment delays due to Huawei’s reduced presence.