- Huawei’s profits soar by 564%, outperforming competitors like Apple in China.
- Despite US sanctions, Huawei sees a 70% increase in smartphone shipments, driven by new 5G models.
- The tech giant’s advancements in AI with the Ascend GPU chip pose a significant challenge to industry leaders.
Huawei’s profit skyrockets by 564%, outshining competitors like Apple in China. Despite US sanctions, the tech giant reports a remarkable profit growth for the fourth consecutive quarter, reaching 19.6 billion yuan ($3.68 billion) in Q1, with sales soaring by 37% to 178.5 billion yuan.
The surge in profits comes alongside Huawei’s impressive performance in the smartphone market, with a 70% increase in shipments, fueled by the launch of a new 5G phone featuring a cutting-edge 7-nanometer chip developed in China. In contrast, Apple’s iPhone sales in China plummeted by 19%. Huawei’s Pura 70 series, equipped with an enhanced chip, saw overwhelming demand, selling out within days of its release.
Furthermore, Huawei’s advancements in artificial intelligence (AI) with the development of the Ascend GPU chip pose a significant challenge to industry leaders like Nvidia. This success underscores Huawei’s resilience in the face of external pressures and its ability to innovate and compete effectively in the global tech landscape, particularly against formidable rivals like Apple.
