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Canalys: Huawei the best-selling smartphone company in Q2 2020

30th July 2020
"Huawei overtakes Samsung as top handset maker due to robust China sales"

According to results released and vetted by research firm Canalys, Huawei’s 55.8 million phones shipped in the second quarter of 2020, beating 53.7 million shipped by Samsung for the top spot.

This would appear to be a big win for the Chinese tech giant, whose mobile business was dealt a major blow in May 2019 after being placed on the U.S. “entity list” by the Trump administration, which essentially barred Google from supplying its core mobile services to Huawei. Combining Huawei’s Q2 and Q1 (49 million) sales numbers, the company has sold the most phones in 2020 so far.

Apple sits comfortably in the third quarter with somewhere between 40 to 45 million, with the exact numbers still being confirmed as of the time of publication of the report. Xiaomi and Oppo finished fourth and fifth respectively with 28.8 million and 25.8 million.

Huawei now sells nearly two-thirds of its handsets in China, which took an early hit from the coronavirus pandemic but has since reclaimed ground as new cases have dwindled. Smartphone makers dominant in other countries are still struggling as new virus cases continue to rise.

S&P Global Ratings said in a report on Wednesday the latest restrictions on Huawei could wipe out $25 billion in revenue from several Asia-based firms. Huawei has yet to publicly address the impact these curbs will have on its operations.

It remains unclear how much of Huawei’s second-quarter sales were driven by its 5G smartphones and high-end models that are most vulnerable to the restrictions, said Nicole Peng, vice president of Mobility at Canalys.

The US government had put Huawei on the entity list, restricting them to use any components, products from the US. Huawei had started to create an ecosystem of its own. Huawei has recently launched the flagship P40 series phones with its Huawei Mobile Service (HMS) over the top of open-source Android OS.

The continuous improvement in the all-scenario products has brought the demand for the all-scenario ecosystem. Huawei and Apple are the only two device companies in the industry that have built their own software and hardware ecosystems.

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Source: Reuters

Compiled by : Rishi Raj Singh Rishi Raj Singh

Huawei posts 13.1% revenue growth amid pandemic, sanctions

15th July 2020
"Huawei Technologies reported Tuesday that its revenue grew 13.1% in the first half of the year compared with a year earlier, despite sanctions from the U.S and challenges from the coronavirus pandemic."

Huawei Technologies reported Tuesday that its revenue grew 13.1% in the first half of the year compared with a year earlier, despite sanctions from the U.S and challenges from the coronavirus pandemic.

Revenue rose to 454 billion yuan ($64.9 billion) in January-June compared to 401.3 billion yuan during the same period last year. The company said its profit margin was 9.2%, compared to 8.7% last year.

The telecommunications equipment firm, based in the southern commercial hub of Shenzhen, is facing efforts by the U.S. government to restrict Huawei’s ability to procure technology and components from American suppliers. U.S. officials say Huawei is a security risk. The company denies that.

In May last year, Washington put Huawei on a blacklist that forbids U.S. companies from doing business with it without permission from the government. That has hindered Huawei’s access to components like computer chips and software such as Google’s Android mobile operating system.

In May, officials imposed even tighter rules aimed at limiting Huawei’s access to semiconductors by barring chipmakers that use U.S. technology in chip design from shipping to Huawei without obtaining a license.

The U.S. has also been applying pressure on countries to exclude Huawei from upcoming, ultrafast 5G mobile networks.

Huawei is awaiting a decision this week on whether it will be allowed to supply 5G network equipment in the U.K., six months after officials initially agreed that the company could have a limited role in its networks.

The company is also expecting decisions by Germany later this year.

Meng Wanzhou, the company’s chief financial officer and daughter of Huawei founder Ren Zhengfei, is currently under house arrest in Canada, in an extradition trial that could result in her being sent to the U.S. to face charges that include bank fraud and a violation of trade sanctions.

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Compiled by : Samana Maharjan Samana Maharjan