Huawei reports biggest ever revenue drop
3 years, 4 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, which includes handsets, where revenue fell 47% to 135.7 billion yuan. Revenue also fell 14% in the first half from Huawei's telecoms equipment business, which a spokesperson said was partially down to the slowdown in China's 5G rollout. First-half revenue from Huawei's enterprise business group grew 18% to 42.9 billion yuan, as the COVID-19 outbreak spurred industry demand for ICT connectivity, a spokesperson said.

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History of this topic

Huawei sees first-half earnings surge on smartphone renaissance
3 months, 3 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 software, IT service industry sees double-digit growth in revenue, profits
6 months, 3 weeks ago

China's software, IT service industry sees double-digit growth in revenue, profits

China Daily  

BEIJING - China's software and information technology service industry reported double-digit year-on-year growth in terms of both revenue and profits in the first four months of 2024, official data showed. Total profits of the sector jumped by 14.3 percent year-on-year to 431.4 billion yuan during this period, while combined revenue rose by 11.6 percent to 3.8 trillion yuan, according to …

China's smartphone market grows 6.5% in Q1
7 months, 4 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
7 months, 4 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
8 months, 3 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
9 months, 2 weeks 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 …

Big Trouble: iPhone Sales in China Continue To Fall Putting Apple Under Pressure
11 months, 2 weeks 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
11 months, 3 weeks 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 …

Huawei expects 2023 revenue increase despite external challenges
11 months, 3 weeks ago

Huawei expects 2023 revenue increase despite external challenges

China Daily  

By Ma Si | chinadaily.com.cn | Updated: 2023-12-29 13:30 Pricing details of Huawei's Mate 60 Pro smartphones are seen on smartphones displayed at a Huawei store in Shanghai, September 8, 2023. Huawei Technologies Co expects its revenue to hit 700 billion yuan in 2023, after the company made a strong comeback in its smartphone business with the Mate 60 series …

China iPhone sales strong, Apple tells investors as Huawei threat looms
1 year, 1 month 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 reports its revenue inched higher in January-September despite US sanctions
1 year, 1 month ago

Huawei reports its revenue inched higher in January-September despite US sanctions

Associated Press  

HONG KONG — Chinese telecoms equipment maker Huawei Technologies said its revenue edged higher in the first three quarters of the year, even as it grappled with U.S. sanctions that have hindered both its sales and its purchases of advanced technology. The Shenzhen-headquartered firm said Friday that it generated 456.6 billion yuan in revenue for the first nine months of …

Huawei reports its revenue inched higher in January-September despite US sanctions
1 year, 1 month ago

Huawei reports its revenue inched higher in January-September despite US sanctions

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 equipment maker Huawei …

China's Huawei poised to overcome U.S. ban with return of 5G phones: Report
1 year, 5 months ago

China's Huawei poised to overcome U.S. ban with return of 5G phones: Report

The Hindu  

China's Huawei Technologies is plotting a return to the 5G smartphone industry by the end of this year, according to research firms, signalling a comeback after a U.S. ban on equipment sales decimated its consumer electronics business. Huawei should be able to procure 5G chips domestically using its own advances in semiconductor design tools along with chipmaking from Semiconductor Manufacturing …

Huawei profit sinks in 2022 amid sanctions, but sales higher
1 year, 8 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 …

Huawei profit sinks in 2022 amid sanctions but sales higher
1 year, 8 months ago

Huawei profit sinks in 2022 amid sanctions but sales higher

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 Huawei on Friday reported a …

Huawei Chief Says Thousands of US-Banned Parts Replaced in Its Devices
1 year, 9 months ago

Huawei Chief Says Thousands of US-Banned Parts Replaced in Its Devices

News 18  

– Huawei Technologies Co Ltd's founder said that the company has replaced more than 13,000 parts in its products that were hit by U.S. trade sanctions, according to a transcript of a speech posted on Friday by a Chinese university. According to the transcript posted by Shanghai Jiao Tong University, Huawei founder Ren Zhengfei said Huawei had over the past …

Huawei has replaced thousands of U.S.-banned parts in its products, founder says
1 year, 9 months ago

Huawei has replaced thousands of U.S.-banned parts in its products, founder says

The Hindu  

Huawei Technologies Co Ltd. has replaced more than 13,000 parts in its products that were hit by U.S. trade sanctions, the Chinese tech giant's founder said, according to a speech transcript posted on Friday by a Chinese university. According to the transcript of the February speech posted by Shanghai Jiao Tong University, Ren Zhengfei said Huawei had over the past …

Business As Usual: China’s Huawei raked in $91.5 billion in revenue despite sanctions by US, and others
1 year, 11 months 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
1 year, 11 months 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 …

China's Huawei slows its long decline under U.S. sanctions as revenues improve
2 years, 1 month 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, 1 month 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, 4 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, 4 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 …

Indian tax authorities raid China’s Huawei, triggering protest from Beijing
2 years, 10 months ago

Indian tax authorities raid China’s Huawei, triggering protest from Beijing

Live Mint  

NEW DELHI : Indian authorities have raided the offices of Chinese tech giant Huawei Technologies Co. over suspected tax evasion, triggering a protest from Beijing, in the latest sign that border tensions between the two countries are spilling into commercial ties. The tax raids on Huawei are the latest sign that the Indian government is taking a tougher stance toward …

Profit falls 81% as China cracks down on big tech: Alibaba
3 years, 1 month ago

Profit falls 81% as China cracks down on big tech: Alibaba

Hindustan Times  

Chinese e-commerce leader Alibaba Group said on Thursday that its profit for the most recent quarter tumbled 81 percent as it grappled with a government crackdown on the country's big tech champions. The Hangzhou-based company's revenues -- generated mainly by its core e-commerce operations -- reached 200.7 billion yuan, up 29 percent. Last year the government scuppered what would have …

Huawei revenue slides in Q3 as smartphone business remains crippled
3 years, 1 month 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 …

Huawei revenue sinks as smartphones hurt by US sanctions
3 years, 4 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 Founder Ren Zhengfei Urges Shift to Software to Counter US Sanctions
3 years, 7 months ago

Huawei Founder Ren Zhengfei Urges Shift to Software to Counter US Sanctions

News 18  

Founder of Chinese tech giant Huawei Technologies Ren Zhengfei has called on the company's staff to "dare to lead the world" in software as the company seeks growth beyond the hardware operations that US sanctions have crippled. Ren said in the memo the company was focusing on software because future development in the field is fundamentally "outside of US control …

Huawei founder urges shift to software to counter U.S. sanctions
3 years, 7 months ago

Huawei founder urges shift to software to counter U.S. sanctions

The Hindu  

Founder of Chinese tech giant Huawei Technologies Ren Zhengfei has called on the company's staff to "dare to lead the world" in software as the company seeks growth beyond the hardware operations that U.S. sanctions have crippled. Ren said in the memo the company was focusing on software because future development in the field is fundamentally" outside of U.S. control …

Huawei to be out of top five smartphone brands list, report says
3 years, 11 months ago

Huawei to be out of top five smartphone brands list, report says

The Hindu  

Huawei to be out of top five ranking in global smartphone production despite market recovery, according to report by TrendForce. "Huawei is currently projected to tumble from third place in 2020 to seventh place in 2021," said market intelligence firm TrendForce. The firm predicted Samsung, Apple, Xiaomi, OPPO and Vivo to be in the top five this year, accounting for …

Huawei's Chinese mobile rivals look to capitalise on its U.S. woes
4 years, 1 month ago

Huawei's Chinese mobile rivals look to capitalise on its U.S. woes

The Hindu  

Chinese handset rivals of Huawei Technologies including Xiaomi, Oppo and Vivo are making aggressive moves to seize market share from their giant rival, after stepped-up U.S. sanctions hobbled Huawei's supply chains, industry insiders say. Huawei briefly overtook Samsung as the world's biggest handset maker in the first half of this year, before shipments fell 23% to 51.7 million units in …

Huawei’s Chinese mobile rivals look to capitalise on its US woes
4 years, 1 month ago

Huawei’s Chinese mobile rivals look to capitalise on its US woes

Live Mint  

SHENZHEN, CHINA :Chinese handset rivals of Huawei Technologies including Xiaomi, Oppo and Vivo are making aggressive moves to seize market share from their giant rival, after stepped-up US sanctions hobbled Huawei's supply chains, industry insiders say. Huawei briefly overtook Samsung as the world's biggest handset maker in the first half of this year, before shipments fell 23% to 51.7 million …

Huawei to sell Honor unit for $15 bln to Shenzhen government, Digital China, others
4 years, 1 month ago

Huawei to sell Honor unit for $15 bln to Shenzhen government, Digital China, others

The Hindu  

Huawei plans to sell budget-brand smartphone unit Honor in a 100 billion yuan deal to a consortium led by handset distributor Digital China and the government of its home town of Shenzhen, people with knowledge of the matter told Reuters. Main Honor distributor Digital China Group Co Ltd will become a top-two shareholder of sold-off entity Honor Terminal Co Ltd …

U.S. sanctions on Huawei hurts China's smartphone market, report says
4 years, 1 month 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 …

Samsung profit beats estimates after US sanctions hit Huawei
4 years, 2 months ago

Samsung profit beats estimates after US sanctions hit Huawei

Live Mint  

Samsung Electronics Co. reported earnings that beat analyst estimates after the South Korean tech giant’s mobile and chip businesses benefited from U.S. restrictions on Huawei Technologies Co. Huawei overtook Samsung to become the world’s largest smartphone maker in the second quarter, but the Korean giant is projected to regain the crown after its Chinese rival lost access to the most …

Huawei plans more cuts to jobs, investment in Australia
4 years, 3 months ago

Huawei plans more cuts to jobs, investment in Australia

Live Mint  

The Australian operation of Chinese telecommunications equipment maker Huawei Technologies Co Ltd said it would continue to cut staff numbers and investment in the country amid strained relations between Beijing and Canberra. In 2018, Australia banned Huawei from supplying equipment for a 5G mobile network citing national security risks, a move the company criticised as being politically motivated. "In simple …

Huawei phone prices rise in China on fears of chip shortage
4 years, 3 months ago

Huawei phone prices rise in China on fears of chip shortage

The Hindu  

Chinese consumers are rushing to buy smartphones from Huawei Technologies Co Ltd. featuring its high-end Kirin chips, fearing curbs on the firm's access to U.S. technology will soon cut off production of its premium handsets. “If people like the brand, they'll pay more - and who knows how good the chips they'll have in the future will be?” The U.S. …

Huawei Overtakes Samsung as World's Biggest Smartphone Maker Amid Sanctions and Controversies
4 years, 4 months ago

Huawei Overtakes Samsung as World's Biggest Smartphone Maker Amid Sanctions and Controversies

News 18  

China’s Huawei Technologies snatched the title of biggest smartphone seller from Samsung Electronics in the second quarter, underscoring the resilience of the China market even as global demand for phones plunged amid the pandemic. Huawei shipped 55.8 million devices in the April-June period, trumping Samsung’s 53.7 million, according to data from research firm Canalys. Huawei’s sales fell 5% from the …

Huawei overtakes Samsung as top handset maker thanks to robust China sales
4 years, 4 months ago

Huawei overtakes Samsung as top handset maker thanks to robust China sales

Live Mint  

SHENZHEN: China's Huawei Technologies snatched the title of biggest smartphone seller from Samsung Electronics in the second quarter, underscoring the resilience of the China market even as global demand for phones plunged amid the pandemic. Huawei's sales fell 5% from the same quarter a year earlier, while South Korea's Samsung posted a 30% drop due to weak demand in key …

5G Smartphone Sales Hit the Headlines in China in Q2 2020 With Huawei Topping the Chart
4 years, 4 months ago

5G Smartphone Sales Hit the Headlines in China in Q2 2020 With Huawei Topping the Chart

News 18  

One-third of the total smartphone sales in China were 5G devices during the June quarter as Chinese operators, as well as original equipment manufacturers, actively pushed 5G smartphones via lowering prices along with attractive 5G plans, according to a new report. Overall smartphone sales in China declined 17 per cent year-over-year in Q2 2020. China's 5G smartphone market is quite …

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