Huawei sees delays to 5G in Europe

Growth at Chinese telecom team Huawei came to a sudden stop in the first three months of the year since the coronavirus outbreak brought its home country to a near standstill.
The Shenzhen-based firm reported first-quarter earnings of 182 billion yuan ($25.7 billion), an increase of just 1.4% compared to the same period a year earlier. That is a massive drop from the growth of 39% it reported to the January to March period in 2019.
Tuesday's announcement, which was light on specifics, marks just the second time that the privately held firm has introduced first-quarter earnings. Components of the United States are at a standstill, sweeping constraints remain in place in a lot of Europe, and Japan is coping with a surge in cases.

Huawei cautioned that restrictions associated with Covid-19 continue to affect its distribution chain. It said it had been working with its provider network" to cover the tough challenges facing production and resume operations."
Huawei re-opened its Shenzhen headquarters and the other office nearby in early February after a government purchased lockdown ended.
While the immediate crisis in China might have passed, the world's biggest telecommunications equipment maker and leading smartphone brand are now operating in a significantly different business environment.

The pandemic has brought about"new, unexpected challenges, such as economic decline, monetary turmoil and also shrinking market requirement," rotating CEO Eric Xu said at a press conference last month.

Huawei stated on Tuesday that earnings from its national market grew last quarter as the situation improved in March. However, it's still seeing a decline in revenue in other worldwide markets.
The construct from ultrafast 5G networks continues as intended in China, based on Huawei, as well as analysts in Jefferies and Bernstein.

However," in Europe it will surely be delayed, we do not know how long," said Huawei spokesperson Evita Cao.
The global 5G rollout has been shrouded by unfounded claims about a supposed connection between 5G and Covid-19.

Officials at the Uk have expressed concerns that recent attacks on cell phone towers were inspired by fictitious conspiracy theories. There is not any evidence to support the theory that 5G networks cause Covid-19 or contribute to its spread.
Huawei stated it doesn't know whether any of its products were damaged in the attacks.