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Technology Huawei Defies U.S. Ban With Strong Growth in Smartphone Sales

11:25  16 october  2019
11:25  16 october  2019 Source:   bloomberg.com

Huawei launches new phone with own version of Android

Huawei launches new phone with own version of Android MUNICH (AP) — Huawei is launching a new flagship smartphone that will run on the Chinese tech giant's own version of Google's Android operating system because of U.S. export sanctions. The Chinese tech giant unveiled the Mate 30 series of phones at an event in Munich, Germany on Thursday. The device wasn't expected to come with popular Google apps such as Chrome, YouTube, Gmail or the Google Play Store, limiting its appeal to consumers. Huawei, the world's second-biggest smartphone maker, is fighting to save its business after the Trump administration blocked access to U.S. components and technology in May on national security grounds.

HONG KONG/SHANGHAI (Reuters) - Chinese tech giant Huawei Technologies warned on Tuesday a U . S . trade blacklisting will impact short-term revenue growth , even as its half-year revenue surged 23% thanks to soaring smartphone sales at home.

Analysts said strong domestic smartphone sales and new 5G carrier contracts were helping to offset the impact from the export ban that threatens to cut Huawei ’ s access to advanced U . S . components and software such as Google Android apps. Unlisted Huawei , which only started disclosing quarterly

(Bloomberg) -- Huawei Technologies Co.’s revenue jumped 24% in 2019’s first nine months, defying Trump administration sanctions to sustain growth in its pivotal smartphone business.

China’s largest technology company reported revenue of 610.8 billion yuan ($86.1 billion) in the January to September period. Global smartphone shipments jumped 26% in the first three quarters to over 185 million units, helping safeguard its position as the world’s second largest name in mobile devices.

China’s largest technology company managed to grow revenue despite curbs on the export of crucial American software and components, which executives had warned for months would severely crimp both its networking and smartphone businesses. Huawei has said it expects U.S. export restrictions to reduce annual revenue at its consumer devices business by about $10 billion, in part because Google can no longer supply Android updates and apps from Gmail to Maps for the Chinese company’s newest handsets.

Report: US plans to allow some technology sales to Huawei

  Report: US plans to allow some technology sales to Huawei NEW YORK (AP) — The Trump administration plans to issue licenses to U.S. companies to supply "nonsensitive goods" to Chinese tech giant Huawei, The New York Times reported, in a move that might help to cool tensions ahead of trade talks. President Donald Trump gave approval last week to begin issuing licenses, the Times said Wednesday. It cited unidentified people familiar with the matter and gave no indication what technologies might be covered. require(["medianetNativeAdOnArticle"], function (medianetNativeAdOnArticle) { medianetNativeAdOnArticle.getMedianetNativeAds(true); }); Sanctions announced in May require U.S.

Huawei has posted strong growth for the first half of 2019 despite the U . S . blacklisting, but the business has not yet navigated itself through the Huawei is especially bolstered by the resilience it has shown in Europe, with smartphone sales holding up and 28 contracts signed for 5G networking

Analysts said strong domestic smartphone sales and new 5G carrier contracts were helping to offset the impact from the export ban that threatens to cut Huawei ' s access to advanced U . S . components and software such as Google Android apps. Unlisted Huawei , which only started disclosing quarterly

The company’s reported results -- which were unaudited -- suggest that those restrictions have yet to severely impair the business. Huawei, accused by Donald Trump’s administration of aiding Beijing in spying while spearheading China’s tech-superpower ambitions, is trying to claw back business and shore up trust in its products.

Billionaire founder Ren Zhengfei has warned his tech empire faces a “live or die moment,” and mobilized thousands of staff to work around the clock devising alternatives to American technology. Some American giants, including Intel Corp. and Micron Technologies Inc., have said they’re found ways to resume supplying Huawei, a major boost for the Chinese company.

Huawei Sales Growth Slumps as U.S. Sanctions Start to Bite

Huawei just revealed a new smartphone, and this one doesn't have Google apps either

  Huawei just revealed a new smartphone, and this one doesn't have Google apps either Huawei has just announced the Nova 5T, its latest mid-range smartphone, although the lack of Google apps may ruin its chances of success.Huawei launched the Mate 30 and Mate 30 Pro last month, which didn't have access to Google Play services, and it has now unveiled the Nova 5T, its latest mid-range device.

SHENZHEN— Huawei Technologies Co. said strong smartphone sales led to a recovery in profit growth last year, after flatlining in 2016. The U . S . wireless industry is dominated by four major players: Verizon, AT&T, T-Mobile and Sprint. Now that just about everyone has a cellphone, each

HONG KONG/SHANGHAI (Reuters) - Chinese tech giant Huawei Technologies warned on Tuesday a U . S . trade blacklisting will impact short-term revenue growth , even as its half-year revenue surged 23% thanks to soaring smartphone sales at home.

Its phone shipments in 2019 suggest its lead in the Chinese market, the world’s largest, is offsetting weak sales abroad. Huawei shipped more than 206 million smartphones in 2018, according to research firm IDC. The company is betting on its home turf and upcoming holiday season to drive its smartphone sales for the rest of the year. It aims to take half of the smartphone market in China, Bloomberg News reported earlier.

There are signs also that U.S. efforts to block Huawei from the development of 5G technology are flagging: Huawei said Wednesday it has signed more than 60 5G commercial contracts to date worldwide. A senior executive in India for the company said the government there had given “no negative feedback” on Huawei, while in Germany, one of the biggest European markets, the Merkel administration said Huawei’s equipment will not be excluded in future 5G procurement. Huawei’s biggest bet, however, remains in China, where state-owned carriers are ready to build their own 5G networks.

China's Huawei reports sales gain despite US sanctions

  China's Huawei reports sales gain despite US sanctions BEIJING (AP) — Chinese tech giant Huawei on Wednesday reported a double-digit gain in sales despite U.S. sanctions that threaten to disrupt its smartphone and network equipment businesses. Huawei Technologies Ltd. said its sales rose 24.4% in the first nine months of 2019 to 610.8 billion yuan ($86 billion). That was faster than the 23.2% gain reported for the first half. The announcement followed U.S.-Chinese trade talks in Washington that ended Friday with no word of progress on resolving Huawei's status.The Trump administration, which accuses Huawei of being a security risk, imposed curbs in May on its access to U.S.

The company told us : “ Huawei has made substantial contributions to the development and growth of Android around the world. Image credit: TechRadar. " Huawei will continue to provide security updates and after- sales services to all existing Huawei and Honor smartphone and tablet products

Huawei phones are largely unavailable in the United States, and Google’ s services have long been blocked in China The strategy helped Huawei sell more than 42 million smartphones in Europe last year, according to Canalys. Huawei ' s growth highlights how Europe' s influence in tech has faded.

It remains unclear whether prolonged sanctions will eventually rob Huawei of growth, something Ren himself has warned may happen. Huawei remains at the heart of U.S. tensions with China, a symbol of the Asian country’s rising technological might.

Critics charge that intellectual property theft from the likes of Cisco Systems Inc. and Motorola Solutions Inc. helped Huawei vault into the upper echelons of telecommunications providers, though Ren and his executives credit years of investment and research. The wireless giant is now accelerating spending on artificial intelligence chips and mobile software. It’s mobilizing its employees to source or develop alternatives to American circuitry and software to keep its edge in smartphones and next-generation 5G wireless technology.

To contact Bloomberg News staff for this story: Gao Yuan in Beijing at ygao199@bloomberg.net

To contact the editors responsible for this story: Peter Elstrom at pelstrom@bloomberg.net, Colum Murphy, Edwin Chan

For more articles like this, please visit us at bloomberg.com

©2019 Bloomberg L.P.

Smartphone sales see modest rebound after two-year slump: survey .
Global smartphone sales increased modestly in the third quarter, the first growth for the segment after a two-year slump, a market tracker said. Data from Strategy Analytics late Wednesday showed handset shipments up two percent from a year earlier at 366 million units, the first rise since the third quarter of 2017. South Korean-based Samsung remained the top vendor and China's Huawei held its number two spot despite US sanctions, ahead of third-place Apple, the research group said. Data from Strategy Analytics late Wednesday showed handset shipments up two percent from a year earlier at 366 million units, the first rise since the third quarter of 2017.

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