Global markets gain on Huawei grace period
5 years, 7 months ago

Global markets gain on Huawei grace period

Associated Press  

BEIJING — Most global stock markets rose Tuesday after the U.S. government issued a 90-day grace period on its order to bar U.S. firms from selling to Chinese telecom gear maker Huawei. The reprieve eases the immediate hit on U.S. suppliers and has at least temporarily quelled investors’ anxiety over the curbs on sales to Huawei, which had been dragging down Wall Street. Anxiety over U.S.-Chinese trade tension was reignited last week by Washington’s decision to require export licenses for technology sales to Huawei Technologies Ltd. American officials say the biggest global maker of network gear for phone carriers is a security risk, which Huawei denies. It said investors are trying to figure out the duration, the impact on profits and the “toxic atmosphere for American sales in China.” In Asia, the Shanghai Composite Index gained 1.2% to 2,905.47 while Tokyo’s Nikkei 225 lost 0.1% to 21,272.45.

Huawei Chinese Gained Gain  sales  global  period  markets  wall  trade  washingtons  rose  american  gain  gained  grace  yen  04  huawei

History of this topic

China’s Xiaomi, Huawei leave Apple, Samsung in the dust as global smartphone market recovers
1 day, 6 hours ago

China’s Xiaomi, Huawei leave Apple, Samsung in the dust as global smartphone market recovers

Firstpost  

While Apple and Samsung both saw slight declines in shipments, Xiaomi experienced a notable 15.4 per cent growth in its shipments. This growth is attributed to the brand’s aggressive push into mid-range and budget segments Apple maintained its lead in global market share in 2024, holding 18.7 per cent of the market, closely followed by Samsung at 18 per cent. …

Huawei sees first-half earnings surge on smartphone renaissance
4 months, 2 weeks ago

Huawei sees first-half earnings surge on smartphone renaissance

The Hindu  

Chinese tech giant Huawei reported hefty jumps in first-half revenue and net profit on Thursday, with smartphone sales robust and its smart car components business also doing well despite U.S. sanctions. Huawei did not give an earnings breakdown for individual units, but a spokesperson said its mainstay consumer business, which includes smartphones and PCs, as well as its smart car …

China's smartphone market grows 6.5% in Q1
8 months, 3 weeks ago

China's smartphone market grows 6.5% in Q1

China Daily  

By Sun Chi | chinadaily.com.cn | Updated: 2024-04-25 17:32 Customers try smartphones in the Pura 70 series at a Huawei retail store in Shanghai on April 19. China's smartphone market saw shipments reach about 69.26 million units, an increase of 6.5 percent in the first quarter of 2024 on a yearly basis, according to a latest report by market consultancy …

China's smartphone market grows 6.5% in Q1
8 months, 3 weeks ago

China's smartphone market grows 6.5% in Q1

China Daily  

By Sun Chi | chinadaily.com.cn | Updated: 2024-04-25 17:32 Customers try smartphones in the Pura 70 series at a Huawei retail store in Shanghai on April 19. China's smartphone market saw shipments reach about 69.26 million units, an increase of 6.5 percent in the first quarter of 2024 on a yearly basis, according to a latest report by market consultancy …

Huawei’s profit more than doubles in 2023, sales up 9.6% as cloud and digital businesses grow
9 months, 2 weeks ago

Huawei’s profit more than doubles in 2023, sales up 9.6% as cloud and digital businesses grow

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Chinese telecoms gear company Huawei …

Huawei’s profit more than doubles in 2023, sales up 9.6% as cloud and digital businesses grow
9 months, 2 weeks ago

Huawei’s profit more than doubles in 2023, sales up 9.6% as cloud and digital businesses grow

Associated Press  

HONG KONG — Chinese telecoms gear company Huawei Technologies has reported its profit more than doubled last year as its cloud and digital businesses thrived in spite of U.S. sanctions. Huawei’s rotating chairman Ken Hu said the company’s figures were in line with forecasts. Huawei, one of China’s first global tech brands, has been caught up in China-U.S. tensions over …

Apple China iPhone sales plunge 24% as Huawei's popularity surges
10 months, 1 week ago

Apple China iPhone sales plunge 24% as Huawei's popularity surges

The Hindu  

Apple's iPhone sales in China fell 24% year-on-year in the first six weeks of 2024, according to research firm Counterpoint, as the U.S. company faced increased competition from domestic rivals such as Huawei. The U.S. tech giant's chief competitor in China in premium smartphones, Huawei, saw unit sales rise by 64% in the period, according to the report. Apple "faced …

Apple's China sales tumble highlights waning clout as local brands gain
11 months, 1 week ago

Apple's China sales tumble highlights waning clout as local brands gain

The Hindu  

Apple's weak China sales performance may have shocked investors, but customers and analysts have been noting the rising challenges the company faces in its third-largest market. Intensifying competition from domestic rivals, coupled with longer upgrade cycles as consumers spend more cautiously amid an economic slowdown, have stunted Apple's China growth, with sales there nosediving by 13% in the quarter ending …

Big Trouble: iPhone Sales in China Continue To Fall Putting Apple Under Pressure
1 year ago

Big Trouble: iPhone Sales in China Continue To Fall Putting Apple Under Pressure

News 18  

BEIJING: Apple's iPhone sales in China dropped by 30% in the first week of 2024, Jefferies analysts said in a note, adding to signs of growing competitive pressures from domestic rivals such as Huawei for the U.S. tech giant. The decline in Apple's sales was the primary catalyst for an overall double-digit drop in China smartphone shipments for the first …

Huawei forecasts revenue growth in 2023 as smartphones surge, indicating rebound after sanctions
1 year ago

Huawei forecasts revenue growth in 2023 as smartphones surge, indicating rebound after sanctions

The Hindu  

Chinese tech giant Huawei Technologies expects to report revenue exceeding 700 billion yuan for 2023, according to comments from rotating chairman Ken Hu in an internal new year message seen by Reuters. The forecast offers further evidence that Huawei is rebounding after U.S. sanctions starting in 2019 impacted some of its business lines by restricting access to critical global technologies …

China iPhone sales strong, Apple tells investors as Huawei threat looms
1 year, 2 months ago

China iPhone sales strong, Apple tells investors as Huawei threat looms

The Hindu  

Apple said on Thursday that demand for its iPhones in China was strong, trying to reassure investors who are worried it is losing ground to a newly resurgent Huawei Technologies and other local smartphone makers. Research firm Canalys estimated that overall smartphone sales in China fell 3% in July-September from a year earlier as consumers bought fewer smartphones as an …

Huawei 1Q revenue edges up, profit margin narrows
1 year, 8 months ago

Huawei 1Q revenue edges up, profit margin narrows

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Chinese tech giant Huawei reported …

Huawei profit sinks in 2022 amid sanctions, but sales higher
1 year, 9 months ago

Huawei profit sinks in 2022 amid sanctions, but sales higher

Associated Press  

HONG KONG — Huawei on Friday reported a nearly 70% decline in profit last year amid sanctions and pandemic challenges, but its enterprise sales rose as the Chinese technology giant sought to pivot into digital industries and reduce its vulnerabilities to U.S. sanctions. “While it’s true that we have considerable pressures ahead of us, we still see opportunities to grow …

Business As Usual: China’s Huawei raked in $91.5 billion in revenue despite sanctions by US, and others
2 years ago

Business As Usual: China’s Huawei raked in $91.5 billion in revenue despite sanctions by US, and others

Firstpost  

Although nowhere near its peak of $122 billion in 2019, Huawei continues to rake in big money, despite the sanctions imposed by the US and trade embargoes by several other countries. And, despite rotating chairman Eric Xu struck an upbeat tone in the company’s annual New Year’s letter, where he revealed the figure. That represents a tiny increase from 2021, …

Huawei says it’s out of ‘crisis mode,’ though revenue flat
2 years ago

Huawei says it’s out of ‘crisis mode,’ though revenue flat

Associated Press  

HONG KONG — Chinese technology giant Huawei says it has emerged from “crisis mode” after years of U.S. restrictions that have stifled its overseas sales, even though its revenue for 2022 failed to grow from a year earlier. Huawei Technologies Ltd., China’s first global tech brand, has struggled since then-U.S. President Donald Trump blocked its access to U.S. processor chips …

Global investors are bullish again on China as Beijing switches to damage control
2 years, 1 month ago

Global investors are bullish again on China as Beijing switches to damage control

CNN  

Hong Kong CNN Business — Market sentiment on Chinese stocks hit rock bottom just weeks ago after President Xi Jinping secured a historic third term in power and stacked his top team with loyalists in a clean sweep not seen since the Mao era. Reuters also reported Wednesday that US regulators gained “good access” in their review of auditing work …

China's Huawei slows its long decline under U.S. sanctions as revenues improve
2 years, 2 months ago

China's Huawei slows its long decline under U.S. sanctions as revenues improve

The Hindu  

China's Huawei Technologies reported modest revenue growth for a second quarter on Thursday, citing steady growth in its ICT infrastructure business as it finds its footing after U.S. sanctions knocked its once mighty handset business. Huawei posted revenue of 445.8 billion yuan for the first three quarters, 10 billion yuan less than it saw in the same period a year …

China’s Huawei says revenue down 2.2% so far this year
2 years, 2 months ago

China’s Huawei says revenue down 2.2% so far this year

Associated Press  

BEIJING — Chinese tech giant Huawei’s revenue rose in the latest quarter as infrastructure sales helped to offset damage to its smartphone business under U.S. sanctions, according to figures released Thursday. Revenue in the first nine months of 2022 declined 2.2% from a year earlier to 445.8 billion yuan, according to the company, the biggest maker of network gear for …

Huawei earned $44.8 billion, revenue down 5.9 percent in first half of 2022
2 years, 5 months ago

Huawei earned $44.8 billion, revenue down 5.9 percent in first half of 2022

Hindustan Times  

Huawei's revenue dipped by just under six percent in the first half of 2022, company figures showed Friday, as the Covid-19 pandemic and US-China trade rivalry hit sales. Chinese tech giant Huawei said Friday, Aug. 12, 2022 its revenue fell in the first half of 2022 but new ventures in autos and other industries helped to offset a decline in …

China’s Huawei says sales down but new ventures growing
2 years, 5 months ago

China’s Huawei says sales down but new ventures growing

Associated Press  

BEIJING — Chinese tech giant Huawei said Friday its revenue fell in the first half of 2022 but new ventures in autos and other industries helped to offset a decline in smartphone sales under U.S. sanctions. Huawei Technologies Ltd., China’s first global tech brand, has struggled since then-President Donald Trump blocked access to U.S. processor chips and other technology in …

Asian stocks advance after Wall St hits new record
3 years, 1 month ago

Asian stocks advance after Wall St hits new record

Associated Press  

BEIJING — Asian stock markets rose Monday after Wall Street hit a new high and China promised aid to shore up economic growth. Shanghai, Tokyo, Hong and Sydney advanced ahead of a Federal Reserve policy meeting this week at which higher U.S. inflation might influence a decision on when to start rolling back stimulus that is boosting stock markets. Also …

Asian stocks rise as Biden, Xi hold video summit
3 years, 1 month ago

Asian stocks rise as Biden, Xi hold video summit

Associated Press  

BEIJING — Asian stock markets rose Tuesday as President Joe Biden and China’s Xi Jinping held a summit meeting by video link. Wall Street’s benchmark S&P 500 index lost less than 0.1% as makers of household goods rose and health care stocks fell. Biden told Xi their goal should be to ensure competition “does not veer into conflict.” The two …

Huawei revenue slides in Q3 as smartphone business remains crippled
3 years, 2 months ago

Huawei revenue slides in Q3 as smartphone business remains crippled

The Hindu  

Revenue of China's Huawei Technologies Co Ltd plummeted 38% in the third quarter compared to the same period a year earlier, with U.S. sanctions having hobbled its smartphone business and new potential growth areas still in their infancy. The restrictions have badly hurt Huawei's handset business, with rotating Chairman Eric Xu saying in September that revenue from smartphones would dip …

Asian stock markets rise after weak US hiring data
3 years, 4 months ago

Asian stock markets rise after weak US hiring data

Associated Press  

BEIJING — Asian stock markets rose Monday after weak U.S. hiring in August fueled expectations the Federal Reserve might postpone withdrawal of economic stimulus that has boosted stock prices. Wall Street’s benchmark S&P 500 index fell 0.1% on Friday, but still was near a record high, after the Labor Department reported U.S. employers added 235,000 jobs in August, barely one-third …

Huawei revenue sinks as smartphones hurt by US sanctions
3 years, 5 months ago

Huawei revenue sinks as smartphones hurt by US sanctions

Associated Press  

BEIJING — Chinese tech giant Huawei’s revenue fell 29.4% from a year earlier in the first half of 2021 as smartphones sales tumbled under U.S. sanctions imposed in a fight with Beijing over technology and security. Huawei Technologies Ltd. is struggling to hold onto market share after then-President Donald Trump cut off access in 2019 to U.S. technology and services …

Huawei reports biggest ever revenue drop
3 years, 5 months ago

Huawei reports biggest ever revenue drop

The Hindu  

August 06, 2021 04:09 pm | Updated 04:09 pm IST - SHENZHEN Chinese telecommunications giant Huawei Technologies reported its biggest ever revenue drop in the first half of 2021, after U.S. sanctions drove it to sell a chunk of its once-dominant handset business and before new growth areas have fully matured. The biggest decline came from Huawei's consumer business group, …

Asian stocks advance after Wall Street hits new record
3 years, 6 months ago

Asian stocks advance after Wall Street hits new record

Associated Press  

BEIJING — Asian stock markets rose Monday after Wall Street hit a high despite jitters about the spread of the coronavirus’s delta variant as investors looked ahead to U.S. earnings reports. On Friday, Wall Street’s benchmark S&P 500 index ended up 0.4% for the week. “Wall Street shrugged off ‘delta variant’ concerns,” said Mizuho Bank in a report. “Futures suggest …

Didi shares gain 1% after early jump in Wall Street debut
3 years, 6 months ago

Didi shares gain 1% after early jump in Wall Street debut

Associated Press  

BEIJING — Didi Global Inc., a Chinese ride-hailing service, gained 1% Wednesday in its highly anticipated U.S. stock market debut, giving up most of a early double-digit gain. Didi’s U.S. market debut comes a day after the company said it lost $5.5 billion over the past three years, though the company also touted its global reach and investments in developing …

Asian stocks fall for 2nd day after new Wall St record
3 years, 6 months ago

Asian stocks fall for 2nd day after new Wall St record

Associated Press  

BEIJING — Asian stock markets declined for a second day Tuesday after Wall Street hit a new high on tech stock gains and the World Bank raised its forecast of Chinese economic growth. Overnight, Wall Street’s benchmark S&P 500 index rose 0.2% as gains for Facebook, Nvidia and other tech stocks offset losses for other industries. Investors are swinging between …

U.S. sanctions on Huawei hurts China's smartphone market, report says
4 years, 2 months ago

U.S. sanctions on Huawei hurts China's smartphone market, report says

The Hindu  

U.S. sanctions on Huawei, restricting chip supply to the Chinese company, hurts China's smartphone shipments. “Huawei was forced to restrict its smartphone shipments following the August 17th U.S. sanctions, which caused a void in channels in Q3 that its peers were not equipped to fill," data analytics firm Canalys said in a post. The smartphone market in Mainland China dropped …

Smartphone sales in China saw highest decline in Q1 2020, Huawei leads
4 years, 8 months ago

Smartphone sales in China saw highest decline in Q1 2020, Huawei leads

India TV News  

Chinese smartphone market underwent its highest decline in the January-March period due to the impact of coronavirus pandemic and Huawei was the only smartphone player that achieved positive growth, a new report said on Wednesday. Smartphone sales in China fell by 22 per cent and 24 per cent in Q1 2020, according to Counterpoint's Market Pulse-Monthly Smartphone Sales Tracking service. …

Asian stocks gain after U.S. Fed promises economic support
4 years, 9 months ago

Asian stocks gain after U.S. Fed promises economic support

Associated Press  

BEIJING — Asian stock markets gained Tuesday after the U.S. Federal Reserve promised support to the struggling economy as Congress delayed action on a $2 trillion coronavirus aid package. “Asian investors like what they see from an all-in Fed which is being viewed in a very impressive light for both Main and Wall Street even as the U.S. congress dithers,” …

Apple was battered by coronavirus in China. 5G iPhones could help it bounce back fast
4 years, 10 months ago

Apple was battered by coronavirus in China. 5G iPhones could help it bounce back fast

CNN  

Hong Kong CNN Business — Apple’s iPhone sales in China were decimated last month as the novel coronavirus outbreak slashed demand for smartphones. The second half of the year “will be the key recovery period for the overall Chinese smartphone market and also for Apple, as both the situation and consumer sentiment hopefully improves,” he said. Huawei and other Chinese …

China smartphone sales set to fall 40% on coronavirus
4 years, 10 months ago

China smartphone sales set to fall 40% on coronavirus

CNN  

Hong Kong CNN Business — China’s smartphone market,the biggest in the world, is set for a massive plunge due to the novel coronavirus outbreak. Smartphone shipments in China will likely fall 40% in the first quarter of 2020 compared with the same period last year, according to a new report from research firm IDC. There will also be knock-on effects …

Apple is selling again in China, but it won’t dethrone Huawei anytime soon
5 years ago

Apple is selling again in China, but it won’t dethrone Huawei anytime soon

CNN  

Hong Kong CNN Business — Apple saw a huge boost in iPhone sales in China last month, but embattled tech giant Huawei won’t giving up the top spot anytime soon. Most sales by Apple’s Chinese competitors are cheap smartphones — about 90% of Huawei’s handsets sold in China for the 12 months ended in September cost less than$600, according to …

Huawei’s sales grew in 2019, but it says next year will be ‘difficult’
5 years ago

Huawei’s sales grew in 2019, but it says next year will be ‘difficult’

CNN  

Hong Kong CNN Business — A top Huawei executive says the Chinese tech company had a strong 2019. The company estimates that sales revenue will top 850 billion Chinese yuan in 2019, an 18% increase over the previous year, according to a new year’s message written by Eric Xu, Huawei’s rotating chairman. Xu acknowledged that Huawei faces several challenges — …

Huawei phones are still red hot in China. But the Google app ban is hurting sales overseas
5 years, 2 months ago

Huawei phones are still red hot in China. But the Google app ban is hurting sales overseas

CNN  

Hong Kong CNN Business — Huawei’s smartphone sales are still soaring, but only in China. But Huawei’s smartphone sales outside of China fell 6% year-on-year last quarter, and that followed a plungeof between 12% and 17% in overseas shipments in the second quarter, data from IDC and Canalys showed. But overseas, many carriers and retailers have “become more reluctant to …

Huawei shares lift as its market share in China grows to 42 percent despite US blacklist
5 years, 2 months ago

Huawei shares lift as its market share in China grows to 42 percent despite US blacklist

Firstpost  

Huawei’s growth came at the expense of main rivals Oppo, Vivo, Xiaomi and Apple. Huawei Technologies lifted its share of China’s smartphone market to a record 42%, with third-quarter shipments rising by two-thirds as domestic consumers rallied behind it after U.S. sanctions, data released on Wednesday showed. While the Chinese smartphone market still contracted by 3% in the third quarter …

Huawei’s smartphone sales and 5G business stay strong despite US hostility
5 years, 2 months ago

Huawei’s smartphone sales and 5G business stay strong despite US hostility

CNN  

Hong Kong CNN Business — Huawei says business is still booming despite the US campaign against the Chinese tech company. That’s particularly notable because CEO Ren Zhengfei said in June that overseas smartphone sales dropped by 40% in the weeks immediately following the US ban. The company said Wednesday that it has “sped up” commercial deployment of 5G networks around …

Asian stocks follow Wall Street higher on trade optimism
5 years, 3 months ago

Asian stocks follow Wall Street higher on trade optimism

Associated Press  

BEIJING — Asian stock markets followed Wall Street higher Friday on optimism about U.S.-Chinese talks on ending a tariff war. Markets have soared and fallen during 12 previous rounds of talks that produced scant progress toward ending the costly fight over Beijing’s trade surplus and technology ambitions. “Are investors setting themselves up for disappointment?” Tokyo’s Nikkei 225 gained 1% to …

US-China trade war intensifies: Donald Trump administration designates Beijing a currency manipulator
5 years, 5 months ago

US-China trade war intensifies: Donald Trump administration designates Beijing a currency manipulator

Firstpost  

The Trump administration’s dramatic move against China hastened the risk aversion seen in global markets this week Tokyo: Global stocks extended their already substantial losses and the offshore yuan hit an all-time low on Tuesday after Washington designated Beijing a currency manipulator in a rapid escalation of the US-China trade war. “Following the latest development in the US-China trade war, …

Huawei’s Latest Earnings Mask Its Trouble Outside China
55 years ago

Huawei’s Latest Earnings Mask Its Trouble Outside China

Wired  

Amid ongoing tension with the US government, Huawei put a good face on its half-year earnings report last week. American makers of chips and software curtailed sales to the Chinese company after Trump announced the sanctions in May, though the administration last month said it would allow sales to resume in cases “when there is no threat to national security.” …

Asian stocks rise after Wall Street record on trade truce
5 years, 6 months ago

Asian stocks rise after Wall Street record on trade truce

Associated Press  

BEIJING — Most Asian stock markets rose Tuesday after Wall Street’s benchmark hit a new high following the latest truce in the costly U.S.-Chinese trade war. “The sustainability of this upward movement remains in question with the uncertainty continuing for geopolitical tensions.” Tokyo’s Nikkei 225 rose 0.1 percent to 21,754.38 and Hong Kong’s Hang Seng gained 1.2 percent to 28,899.10. …

Global markets: Stocks jump after US and China renew trade talks
5 years, 6 months ago

Global markets: Stocks jump after US and China renew trade talks

CNN  

New York CNN Business — Global stocks rallied on Monday after the United States and China committed to resuming trade talks. President Donald Trump said over the weekend at the G20 summit in Japan that he would hold off on new tariffs on China and lift some restrictions on Chinese tech giant Huawei. “The US and China are likely headed …

Huawei CEO says underestimated impact of US ban, sees revenue dip
5 years, 6 months ago

Huawei CEO says underestimated impact of US ban, sees revenue dip

Al Jazeera  

Ren Zhengfei says he didn’t expect the US’s determination to ‘crack’ the company would be ‘so strong’. Huawei Technologies Co Ltd’s founder and CEO Ren Zhengfei said the impact of a US ban on the Chinese company was more severe than expected and warned that revenue would dip to around $100bn this year and the next. Huawei had not expected …

Huawei CEO: Revenue will miss earlier forecasts by $30 billion
5 years, 6 months ago

Huawei CEO: Revenue will miss earlier forecasts by $30 billion

CNN  

Shenzhen, China CNN Business — Huawei will miss sales forecasts by about $30 billion over the next couple of years because of a US campaign against its business, the founder and CEO of the Chinese tech company said Monday. “In the next two years, I think we will reduce our capacity, our revenue will be down by about $30 billion …

Samsung may get an upper hand in the market amidst US-China trade war: Report
5 years, 7 months ago

Samsung may get an upper hand in the market amidst US-China trade war: Report

Firstpost  

The loss of access to Google’s Android system may hurt the sales of Huawei, benefitting Samsung. Samsung Electronics Co Ltd may have a chance to strengthen its position in the smartphone market due to the hurt caused to Huawei Technologies Co Ltd in the wake of US-China trade tensions, according to Fitch Ratings. The loss of access to Google’s Android …

Huawei CEO says China shouldn’t punish Apple
5 years, 7 months ago

Huawei CEO says China shouldn’t punish Apple

CNN  

Hong Kong CNN Business — Ren Zhengfei, the CEO and founder of embattled Chinese tech company Huawei, is defending US rival Apple. Washington’s ban on the Chinese company “could stir up the smartphone industry by pausing Huawei’s positive momentum,” analysts at Fitch Ratings wrote in a note on Sunday. During an earnings call last month, Apple CEO Tim Cook said …

Global markets today: More pain in Asia after China retaliates with higher tariffs
5 years, 8 months ago

Global markets today: More pain in Asia after China retaliates with higher tariffs

CNN  

Hong Kong CNN Business — The escalating trade war between the United States and China hit stocks in Asia on Tuesday but markets in Europe and the United States were spared further losses. That comes after the United States hiked tariffs from 10% to 25% on $200 billion worth of Chinese exports on Friday following a breakdown in trade talks …

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