Huawei's sales last year were driven by its two biggest businesses — ICT infrastructure and consumer — which together account for around 82% of the company's total revenue.
Revenue at the ICT infrastructure division, which includes its carrier business, rose 4.9% year-on-year to 369.9 billion yuan. This is the Shenzhen headquartered-firm's biggest business by revenue. Huawei is one of the world's largest telecommunications equipment companies and the company said large-scale deployment of next-generation 5G networks had helped drive growth.
The company also said that 2024 was the first year of commercial deployment of next-generation networks, dubbed 5.5G or 5G advanced, which also helped give sales a boost.
In 2024, Huawei's smartphone shipments in China jumped 37% year-on-year, while its market share rose to 16% from 12% in 2023, according to data from Canalys. This came at the expense of Apple, which saw its market share decline and shipments fall.
Huawei has aggressively launched premium smartphones, including the first-ever trifold handset, and has also begun to slowly relaunch devices overseas.
Meanwhile, Huawei also released HarmonyOS 5 in 2024, the first version of its self-developed mobile operating system that reportedly no longer uses any open-source code from Google Android.
Still, analysts have told CNBC that Huawei's overseas prospects remain a challenge given its lack of access to Android, which runs on the majority of the world's smartphones, and continued restrictions in accessing the most cutting-edge chips, such as those found in Apple and Samsung devices.
New business focus
To mitigate some of the effects of U.S. sanctions over the past few years, Huawei has been pushing into new areas such as its digital power division, which includes a focus on energy infrastructure in areas such as electric cars and renewables.
This segment — still a very new business — saw revenue rise 24.4% to 68.7 billion yuan.
Cloud computing revenue came in at 38.5 billion yuan, up 8.5% year-on-year. Huawei said that when cloud sales to its own business units are taken into account, the total revenue for the division is 68.8 billion.
Huawei's smallest business, called Intelligent Automotive Solution, reported a 474.4% year-on-year rise in revenue to 26.4 billion yuan. Huawei develops in-car software as well as driver assistance systems for third-party automakers.
While it's not 100 percent clear if the "delete your DNA" calls were warranted, privacy experts are alarmed, and Americans who had taken the genetic test took the advice to heart.
According to data from online traffic analysis company Similarweb, on March 24, the day of the bankruptcy announcement, 23andMe received 1.5 million visits to its website, a 526% increase from one day prior. According to Similarweb, 376,000 visits were made to help pages specifically related to deleting data, and 30,000 were made to the customer care page for account closure. The next day, that figure rose to 1.7 million visits, and rraffic to the delete data help page about 480,000.
Exposing DNA collected from consumers is not a new issue for 23andMe, either. In 2023, almost 7 million people who took the genetic test were already exposed in a major 23andMe data breach. The company signed an agreement that involved a $30 million settlement and a promise of three years' worth of security monitoring.
But Hu says the bankruptcy does make the company, and its data, especially vulnerable now.
Drug research and genetic testing data
One of the things notable about the consumer mindset in the early years of the popularization of genetic testing was that a majority of users opted into sharing their DNA for research purposes, as much as 80% in the years when 23andMe was growing rapidly. Then, as the market for consumer sale of the popular DNA test kits reached saturation sooner than many expected, 23andMe focused more on research and development partnerships with drug companies as a way to diversify its revenue.
Currently, when 23andMe sells genetic data to other research companies, most is used at an aggregate level, as part of millions of data points being analyzed as a whole. The company also strips out identifying data from the genetic data, and no registration information (like a name or email) is included. Data researchers do need, such as date of birth, is stored separately from genetic data, and shared with randomly assigned IDs.
Now, her family has come full circle in the 23andMe experience: some members were initially reluctant to go along, and now, Brockhaus says, everyone has deleted their accounts.
A unique company collapse, but everyday cyber risks
But Brockhaus continues to view 23andMe within a larger consumer health market where the risks are not new, and health information is being shared in all sorts of environments where security issues could arise. "Anyone sending ColoGuard or receiving medical results through the mail is taking a risk of exposure," Brockhaus said. "Our very identities can be stolen with a few keystrokes. Of course, this does not mean that we should throw up our hands and agree to be victims, but unless we want to dig holes out back and live in them we have to be vigilant, proactive, but not panicked," she added.
Jon Clay, vice president of threat intelligence at cybersecurity firm Trend Micro, says consumers of 23andMe do need to view the bankruptcy as a threat. In any sale process, if the data is not transferred and guarded in the most secure manner possible, "it is at risk of being used by malicious actors for a number of nefarious purposes," he said.
Clay thinks 23andMe's data is incredibly valuable to cybercriminals — not just because it's permanent and personally identifiable, but also because it can be exploited for identity theft, blackmail, or even medical fraud.
"When people start talking about personal data, they forget where their data is already sitting," says Rob Lee, chief of research and head of faculty at SANS Institute, which specializes in helping businesses with information security and cyber issues. Whether it's sending a blood sample into a private lab or getting rid of a laptop to upgrade to a new one, "your digital footprints are being left out there for people to find," Lee said. "People don't understand the scope, so there is a larger discussion out there, specifically around where does data go?"
With DNA information, there are certain basic legal factors people should weigh before swabbing themselves and sending the sample in.
According to Lynn Sessions, an expert on healthcare privacy and digital assets and partner at the law firm BakerHostetler, the federal law that covers patient information privacy, HIPAA, does not apply to this situation, and 23andMe would not be considered a HIPAA-covered entity, or business associate of one. But there are state laws that apply to genetic information that would be in play, such as in California.
Meredith Schnur, a managing director and cybersecurity leader at insurance company Marsh, thinks the risk from 23andMe's bankruptcy for people who sent in their swabs is relatively low. "It doesn't cause any additional consternation or heartburn," Schnur said. "I just don't think it opens up any additional risk that doesn't already exist," she said, adding that many people's information is "already out there."
Last week, a 23andMe co-founder, Linda Avey, blasted the company's leadership. "Without continued consumer-focused product development, and without governance, 23andMe lost its way, and society missed a key opportunity in furthering the idea of personalized health," Avey wrote in a social media post. "There are many cautionary tales buried in the 23andMe story," Avey said.
The bankruptcy itself is the issue that is now hard for consumers to ignore, and until the sale process is completed, the questions will remain.
"When you're in bankruptcy, data privacy values are not what you're really thinking about. You're thinking about selling your company to the highest bidder," Hu said. That highest bidder, Hu says might take the genetic data and consumer profile data and link them together when selling it to others.
And that initial sale which includes the DNA of millions of people may only be the first of many transactions.
"It might sell it off, piece by piece, indiscriminately. And the buyer of that data might be a foreign adversary," Hu said. "That is why this is not just a data privacy disaster. It's also a national security disaster."
"It might sell it off, piece by piece, indiscriminately. And the buyer of that data might be a foreign adversary," Hu said. "That is why this is not just a data privacy disaster. It's also a national security disaster."
After Google scrapped its diversity, equity and inclusion, or DEI, hiring aspirations in February, CEO Sundar Pichai addressed the matter with his employees at a company all-hands meeting.
"We believe in building a representative workforce," Pichai said, according to audio obtained by CNBC. "We're a global company, we have users around the world, and we think the best way to serve them well is by having a workforce that represents that diversity, and we'll continue to do that."
"At the same time, as a company we will always have to comply with local laws," Pichai added.
Among the most notable changes by Google thus far was with Melonie Parker, the company's chief diversity officer. As of February, her title has been changed to vice president of Googler engagement.
Google's approach to DEI is emblematic of changes that companies across the U.S. are making to their DEI programs in the wake of President Donald Trump's election and initial actions in his return to the White House.
Over the past decade, Silicon Valley and other industries used DEI programs to root out bias in hiring, promote fairness in the workplace and advance the careers of women and people of color – demographics that have historically been overlooked.
Among the first of those targets is the Walt Disney Company. The Federal Communications Commission informed the company on Friday that it will begin an investigation into the DEI efforts at the media giant.
Trump has shown he's willing to fault DEI policies for human tragedy.
Following a midair collision between an American Airlines regional jet and a Black Hawk military helicopter above Washington in January, Trump blasted the Biden administration's DEI policies for the crash without citing any evidence. Trump claimed DEI "could have been" to blame for the deadliest plane crash in the U.S. since 2001.
"When you have the president blaming DEI for a plane crash, I think it makes sense that companies don't want to be out there no matter how they define it internally," Emerson said.
Despite DEI becoming such a divisive term, companies are not necessarily ending their efforts. They're rebranding them. Many companies are continuing DEI work but using different language or rolling it under less charged terminology, like "learning" or "hiring."
Paradigm’s CEO Joelle Emerson is an advocate for diversity and inclusion.
Joelle Emerson has worked since 2014 as a consultant for several hundred clients on workplace performance as well as diversity and inclusion strategies, but last year, she changed the language used to describe her digital platform Paradigm.
Whereas before Paradigm marketed itself as helping clients "harness the power of diversity and inclusion to create a culture where everyone can do their best work and thrive," the company's website now states that its solutions "create an inclusive, high-performance culture where everyone can do their best work and thrive."
Paradigm began using DEI in 2020 after the term proliferated in the corporate response to protests across the country in the wake of George Floyd's death.
!summarize# florida #realestate #housing
!summarize #zelenskyy #ukraine #russia #war
!summarize #specialelections #columbia
!summarize #nyyankees #mlb #cheating #bats
!summarize #china #economy #bonds #realestate
Huawei's sales last year were driven by its two biggest businesses — ICT infrastructure and consumer — which together account for around 82% of the company's total revenue.
Revenue at the ICT infrastructure division, which includes its carrier business, rose 4.9% year-on-year to 369.9 billion yuan. This is the Shenzhen headquartered-firm's biggest business by revenue. Huawei is one of the world's largest telecommunications equipment companies and the company said large-scale deployment of next-generation 5G networks had helped drive growth.
The company also said that 2024 was the first year of commercial deployment of next-generation networks, dubbed 5.5G or 5G advanced, which also helped give sales a boost.
!summarize #kids #populatin
In 2024, Huawei's smartphone shipments in China jumped 37% year-on-year, while its market share rose to 16% from 12% in 2023, according to data from Canalys. This came at the expense of Apple, which saw its market share decline and shipments fall.
Huawei has aggressively launched premium smartphones, including the first-ever trifold handset, and has also begun to slowly relaunch devices overseas.
Meanwhile, Huawei also released HarmonyOS 5 in 2024, the first version of its self-developed mobile operating system that reportedly no longer uses any open-source code from Google Android.
Still, analysts have told CNBC that Huawei's overseas prospects remain a challenge given its lack of access to Android, which runs on the majority of the world's smartphones, and continued restrictions in accessing the most cutting-edge chips, such as those found in Apple and Samsung devices.
New business focus
To mitigate some of the effects of U.S. sanctions over the past few years, Huawei has been pushing into new areas such as its digital power division, which includes a focus on energy infrastructure in areas such as electric cars and renewables.
This segment — still a very new business — saw revenue rise 24.4% to 68.7 billion yuan.
Cloud computing revenue came in at 38.5 billion yuan, up 8.5% year-on-year. Huawei said that when cloud sales to its own business units are taken into account, the total revenue for the division is 68.8 billion.
!summarize #kevinoleary #doge #elonmusk
Huawei's smallest business, called Intelligent Automotive Solution, reported a 474.4% year-on-year rise in revenue to 26.4 billion yuan. Huawei develops in-car software as well as driver assistance systems for third-party automakers.
While it's not 100 percent clear if the "delete your DNA" calls were warranted, privacy experts are alarmed, and Americans who had taken the genetic test took the advice to heart.
According to data from online traffic analysis company Similarweb, on March 24, the day of the bankruptcy announcement, 23andMe received 1.5 million visits to its website, a 526% increase from one day prior. According to Similarweb, 376,000 visits were made to help pages specifically related to deleting data, and 30,000 were made to the customer care page for account closure. The next day, that figure rose to 1.7 million visits, and rraffic to the delete data help page about 480,000.
Exposing DNA collected from consumers is not a new issue for 23andMe, either. In 2023, almost 7 million people who took the genetic test were already exposed in a major 23andMe data breach. The company signed an agreement that involved a $30 million settlement and a promise of three years' worth of security monitoring.
But Hu says the bankruptcy does make the company, and its data, especially vulnerable now.
!summarize #hollywood #theater #movies
!summarize# democrats #mens #rights #politics
Drug research and genetic testing data
One of the things notable about the consumer mindset in the early years of the popularization of genetic testing was that a majority of users opted into sharing their DNA for research purposes, as much as 80% in the years when 23andMe was growing rapidly. Then, as the market for consumer sale of the popular DNA test kits reached saturation sooner than many expected, 23andMe focused more on research and development partnerships with drug companies as a way to diversify its revenue.
Currently, when 23andMe sells genetic data to other research companies, most is used at an aggregate level, as part of millions of data points being analyzed as a whole. The company also strips out identifying data from the genetic data, and no registration information (like a name or email) is included. Data researchers do need, such as date of birth, is stored separately from genetic data, and shared with randomly assigned IDs.
!summarize #panic1907 #finance #market #wallstreet
Now, her family has come full circle in the 23andMe experience: some members were initially reluctant to go along, and now, Brockhaus says, everyone has deleted their accounts.
A unique company collapse, but everyday cyber risks
But Brockhaus continues to view 23andMe within a larger consumer health market where the risks are not new, and health information is being shared in all sorts of environments where security issues could arise. "Anyone sending ColoGuard or receiving medical results through the mail is taking a risk of exposure," Brockhaus said. "Our very identities can be stolen with a few keystrokes. Of course, this does not mean that we should throw up our hands and agree to be victims, but unless we want to dig holes out back and live in them we have to be vigilant, proactive, but not panicked," she added.
!summarize #disneyworld #discounts #travel #themepark #florida
Jon Clay, vice president of threat intelligence at cybersecurity firm Trend Micro, says consumers of 23andMe do need to view the bankruptcy as a threat. In any sale process, if the data is not transferred and guarded in the most secure manner possible, "it is at risk of being used by malicious actors for a number of nefarious purposes," he said.
Clay thinks 23andMe's data is incredibly valuable to cybercriminals — not just because it's permanent and personally identifiable, but also because it can be exploited for identity theft, blackmail, or even medical fraud.
!summarize #tesla #protests #japan #automotive
"When people start talking about personal data, they forget where their data is already sitting," says Rob Lee, chief of research and head of faculty at SANS Institute, which specializes in helping businesses with information security and cyber issues. Whether it's sending a blood sample into a private lab or getting rid of a laptop to upgrade to a new one, "your digital footprints are being left out there for people to find," Lee said. "People don't understand the scope, so there is a larger discussion out there, specifically around where does data go?"
With DNA information, there are certain basic legal factors people should weigh before swabbing themselves and sending the sample in.
According to Lynn Sessions, an expert on healthcare privacy and digital assets and partner at the law firm BakerHostetler, the federal law that covers patient information privacy, HIPAA, does not apply to this situation, and 23andMe would not be considered a HIPAA-covered entity, or business associate of one. But there are state laws that apply to genetic information that would be in play, such as in California.
Meredith Schnur, a managing director and cybersecurity leader at insurance company Marsh, thinks the risk from 23andMe's bankruptcy for people who sent in their swabs is relatively low. "It doesn't cause any additional consternation or heartburn," Schnur said. "I just don't think it opens up any additional risk that doesn't already exist," she said, adding that many people's information is "already out there."
!summarize #bats #mlb #torpedo #nyyankees
Last week, a 23andMe co-founder, Linda Avey, blasted the company's leadership. "Without continued consumer-focused product development, and without governance, 23andMe lost its way, and society missed a key opportunity in furthering the idea of personalized health," Avey wrote in a social media post. "There are many cautionary tales buried in the 23andMe story," Avey said.
The bankruptcy itself is the issue that is now hard for consumers to ignore, and until the sale process is completed, the questions will remain.
"When you're in bankruptcy, data privacy values are not what you're really thinking about. You're thinking about selling your company to the highest bidder," Hu said. That highest bidder, Hu says might take the genetic data and consumer profile data and link them together when selling it to others.
!summarize #maxscherzer #toronto #bluejays #mlb
!summarize #oleary #canada #tiktok #politics
!summarize #Tesla #automotive #tariffs #trump
!summarize #marketcap #tesla #stock #investing
!summarize #liberationday #april2 #tariffs #imports
And that initial sale which includes the DNA of millions of people may only be the first of many transactions.
"It might sell it off, piece by piece, indiscriminately. And the buyer of that data might be a foreign adversary," Hu said. "That is why this is not just a data privacy disaster. It's also a national security disaster."
And that initial sale which includes the DNA of millions of people may only be the first of many transactions.
"It might sell it off, piece by piece, indiscriminately. And the buyer of that data might be a foreign adversary," Hu said. "That is why this is not just a data privacy disaster. It's also a national security disaster."
After Google scrapped its diversity, equity and inclusion, or DEI, hiring aspirations in February, CEO Sundar Pichai addressed the matter with his employees at a company all-hands meeting.
"We believe in building a representative workforce," Pichai said, according to audio obtained by CNBC. "We're a global company, we have users around the world, and we think the best way to serve them well is by having a workforce that represents that diversity, and we'll continue to do that."
"At the same time, as a company we will always have to comply with local laws," Pichai added.
Among the most notable changes by Google thus far was with Melonie Parker, the company's chief diversity officer. As of February, her title has been changed to vice president of Googler engagement.
Google's approach to DEI is emblematic of changes that companies across the U.S. are making to their DEI programs in the wake of President Donald Trump's election and initial actions in his return to the White House.
Over the past decade, Silicon Valley and other industries used DEI programs to root out bias in hiring, promote fairness in the workplace and advance the careers of women and people of color – demographics that have historically been overlooked.
Among the first of those targets is the Walt Disney Company. The Federal Communications Commission informed the company on Friday that it will begin an investigation into the DEI efforts at the media giant.
Trump has shown he's willing to fault DEI policies for human tragedy.
Following a midair collision between an American Airlines regional jet and a Black Hawk military helicopter above Washington in January, Trump blasted the Biden administration's DEI policies for the crash without citing any evidence. Trump claimed DEI "could have been" to blame for the deadliest plane crash in the U.S. since 2001.
!summarize #mikewilbon #espn #sports #media
"When you have the president blaming DEI for a plane crash, I think it makes sense that companies don't want to be out there no matter how they define it internally," Emerson said.
Despite DEI becoming such a divisive term, companies are not necessarily ending their efforts. They're rebranding them. Many companies are continuing DEI work but using different language or rolling it under less charged terminology, like "learning" or "hiring."
Paradigm’s CEO Joelle Emerson is an advocate for diversity and inclusion.
Joelle Emerson has worked since 2014 as a consultant for several hundred clients on workplace performance as well as diversity and inclusion strategies, but last year, she changed the language used to describe her digital platform Paradigm.
Whereas before Paradigm marketed itself as helping clients "harness the power of diversity and inclusion to create a culture where everyone can do their best work and thrive," the company's website now states that its solutions "create an inclusive, high-performance culture where everyone can do their best work and thrive."
Paradigm began using DEI in 2020 after the term proliferated in the corporate response to protests across the country in the wake of George Floyd's death.
!summarize #billoreilly #nypd #family