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Month: March 2020

The trade ban takes its toll — Huawei reveals revenue shortcoming for 2019

Huawei’s having a rough time right now. Amid the current US trade ban, it’s slowly been losing momentum in recent months. The company just released its 2019 financial report, and though Huawei is still quite profitable, sales numbers are not where the company would like them to be. The annual financial report reveals that Huawei’s 2019 global sales came in at nearly CNY 859 billion (~$121 billion), and the company scored a net profit of almost CNY 63 billion (~$8 billion). Though that’s a 5.6% increase over 2018’s global profits, Reuters reports that this is the smallest profit increase the company has seen in three years. Huawei Rotating Chairman Eric Xu told CNBC that the company had missed its own sales goals by around ~$12 billion. Though Huawei initially projected revenue of approximately ~$123 billion at the start of 2019, it was preparing to revise that target to ~$135 billion by April. Then the trade ban threw a wrench in the company’s target sales goals when it went into effect in May. Huawei’s not giving up, though. The company invested more than 15% of its total revenue back into research and development, bringing last year’s total R&D spending to nearly CNY 132 billion (~$19 billion) and its decade R&D spending to more than CNY 600 billion (~$85 billion). Read also: COVID-19 pandemic leads to 40% drop in smartphone sales...

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Great deal: Grab the OnePlus 6T unlocked for $299

OnePlus has long made phones with flagship specs at closer to midrange prices, and now the OnePlus 6T is more affordable than ever before. Woot is offering it brand-new and unlocked for just $299 right now. The OnePlus 6T was one of the earliest devices to have an in-display fingerprint sensor and a very small notch for the front camera. You barely notice it at the top of the large 6.41-inch Optic AMOLED display with an 86% screen-to-body ratio. Internally, it packs a Snapdragon 845 chip, 8GB of RAM, and 128GB of storage. While the OnePlus 6T does not have wireless charging, the 20W Fast Charge capability is a nice touch. You can fully recharge the 3,700mAh battery in under 90 minutes and get right back to your day. You can capture every crisp detail on the dual 20MP and 16MP camera with Optical Image Stabilization and Nightscape feature. The selfie-shooter also packs a 16MP lens and Studio Lighting for picture-perfect portraits. This deal is on the unlocked version of the OnePlus 6T so you can bring it along to the carrier you already trust. Check out the specifics via the widget below. OnePlus 6T – Unlocked Unleash the power of OxygenOS with the OnePlus 6T. It features a Snapdragon 845, 3,700mAh battery, and a 6.41-inch screen for the best experience. You can get an all-day charge with 20W Fast...

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