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"For the last quarter, which is between April and June, in order to ensure long-lasting growth, this number would be a bit lower. But for sure, it would be double-digit growth for China this year," he predicted.

"For business operators, running online fitness businesses gives them less pressure in rental, utilities, equipment and human resources compared with offline gyms. Online fitness can also attract a large number of consumers through various channels like social media, livestreaming platforms and apps," he said.

"Foxconn has accumulated experience and strength in the assembly and manufacturing of electronic components and sophisticated instruments. Meanwhile, the semiconductor sector has a strong relevance with Foxconn's previous businesses," said James Yan, research director at Counterpoint Technology Market Research.

"Half is used in the production of batteries, and the ratio may increase to 66 percent in the future," Ma added.

"Furthermore, it (the US government) has been using every tool at its disposal－including both judicial and administrative powers, as well as a host of other unscrupulous means－to disrupt the normal business operations of Huawei and its partners," Huawei said.