The company’s smartphone shipments rose 50% last quarter, according to IDC, allowing Huawei to overtake Apple, which fell to sixth place in China’s phone market. Apple’s sales in China fell 6.5% in the same period, missing Wall Street estimates, despite overall smartphone sales growth.
Huawei’s revenue growth came as its net profit fell 18.6% year on year to 35.5 billion yuan due to significant one-time gains from the sale of assets including Honor Device Co. and parts of its server business.
In addition, Huawei’s automotive division showed growth, earning 10 billion yuan in early July, exceeding the combined revenue of the previous two years.
Source: Ferra
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
