Huawei turns to other businesses to make up for lost smartphone sales
Huawei is seeking pig farms and mines to make up for its lost revenue from the smartphone business
The company has been looking for other sources of income to bring it to the pig industry. Yes, Huawei is one of the most technologically advanced smartphone product lines in the world, and the company is engaged in pig breeding. This is China’s main industry, and 50% of the world’s live pigs are located in this area. Huawei actually introduced the technology to identify individual pigs through facial recognition. The farm is using other technologies to monitor the pig’s diet, weight and exercise. When discussing the technology company’s entry into the pig industry, a Huawei spokesperson said: “The pig industry is another example of how we are trying to revitalize some traditional industries through ICT (Information and Communication Technology) technology, thereby creating more value for the industry. The 5G era.”
In addition to the pig industry, Huawei also hopes to get involved in the mining industry. The company’s founder and CEO Ren Zhengfei introduced a mining laboratory earlier this month. Ren Zhiqiang hopes to use Huawei technology to turn miners into white-collar workers and let them wear suits and ties to work. Using the company’s technology, the mining industry will see “fewer workers, greater safety and greater efficiency.” The executive also said that Huawei will continue to expand its TV, tablet and computer product lines. This is important because Ren cannot see that the United States removes his company from the entity list. Even so, he said: “Even if we don’t rely on telemarketing, we can still survive.” Although the company is looking for new sources of revenue, it has not given up on the phone business. It is expected that Huawei will still release its two flagship models P50 and Mate 50 series this year. The company is expected to use its own HarmonyOS on both models.
Although Huawei may lose market share in smartphones, it is still the world’s largest provider of network equipment. Nevertheless, Huawei still needs to proceed with caution. After all, there is a long saying on Wall Street: “Bears make money, bulls make money, pigs are slaughtered.”