{"id":18598,"date":"2022-04-28T14:18:09","date_gmt":"2022-04-28T14:18:09","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/chinas-huawei-posts-q1-revenue-drop-says-handsets-now-more-available"},"modified":"2022-04-28T14:36:48","modified_gmt":"2022-04-28T14:36:48","slug":"chinas-huawei-posts-q1-revenue-drop-says-handsets-now-more-available","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/chinas-huawei-posts-q1-revenue-drop-says-handsets-now-more-available","title":{"rendered":"China’s Huawei posts Q1 revenue drop, says handsets now more available"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>China’s Huawei Technologies said on Thursday its first-quarter revenues slipped 13.9 per cent from a year earlier, with new business areas yet to reverse the company’s waning fortunes brought about by being placed on a U.S. sanctions blacklist.<\/p>\n

The Chinese telecoms giant posted revenue of 131 billion yuan ($19.9 billion) in the first quarter, down from 152.2 billion yuan a year earlier, when it was already registering damage to its once dominant handset business.<\/p>\n

The results were in line with forecasts, said Ken Hu, Huawei’s rotating chairman.<\/p>\n

“Our consumer business was heavily impacted, and our ICT (information and communication technology) infrastructure business experienced steady growth,” Hu said.<\/p>\n

In 2019, the United States placed Huawei on an export blacklist barring it from accessing critical technology of U.S. origin, hurting its ability to design chips and source components from outside vendors.<\/p>\n

A Huawei spokesperson said the company has taken measures to meet consumer demand for smartphones.<\/p>\n

“Consumers can purchase Huawei smartphones more readily now including the latest best-selling models,” such as its flagship P50 and Nova series, the spokesperson said, without giving further details on chip and component supplies.<\/p>\n

Huawei held just 6.2 per cent of the China handset market in the first quarter, research firm Counterpoint Research said on Thursday.<\/p>\n

The same quarter, Honor, a unit Huawei sold in December 2020, saw its market share rise to 16.9 per cent.<\/p>\n

Huawei’s first-quarter net profit margin also fell 6.8 per centage points from a year earlier to 4.3 per cent, a drop the company said was due to increased research and development spending and investments in business continuity, as well as the drop in revenue.<\/p>\n

The company spent 142.7 billion yuan, or 22.4 per cent of its total revenue, on R&D, it said in its 2021 annual report last month.<\/p>\n

Huawei has identified helping businesses to use 5G technology, cloud computing and improving its energy efficiency as ways to bolster revenues, Hu said on Tuesday.<\/p>\n

($1 = 6.5890 yuan)<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. China’s Huawei Technologies said on Thursday its first-quarter revenues slipped 13.9 per cent from a year earlier, with new business areas yet to reverse the company’s waning fortunes brought about by being placed on a U.S. sanctions blacklist. The Chinese telecoms giant posted revenue of 131 billion yuan ($19.9 billion) in the […]<\/p>\n","protected":false},"author":84,"featured_media":18597,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,8,9,16],"tags":[233,281,283],"class_list":["post-18598","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-homepage-english","category-miscellaneous","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nChina's Huawei posts Q1 revenue drop, says handsets now more available - Mozambique<\/title>\n<meta name=\"description\" content=\"China's Huawei Technologies said on Thursday its first-quarter revenues slipped 13.9 per cent from a year earlier, with ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/chinas-huawei-posts-q1-revenue-drop-says-handsets-now-more-available\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China's Huawei posts Q1 revenue drop, says handsets now more available\" \/>\n<meta property=\"og:description\" content=\"China's Huawei Technologies said on Thursday its first-quarter revenues slipped 13.9 per cent from a year earlier, with ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/chinas-huawei-posts-q1-revenue-drop-says-handsets-now-more-available\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-28T14:18:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-28T14:36:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/04\/img-626aa6638e880.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"830\" \/>\n\t<meta property=\"og:image:height\" content=\"468\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/chinas-huawei-posts-q1-revenue-drop-says-handsets-now-more-available#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/chinas-huawei-posts-q1-revenue-drop-says-handsets-now-more-available\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"China’s Huawei posts Q1 revenue drop, says handsets now more available\",\"datePublished\":\"2022-04-28T14:18:09+00:00\",\"dateModified\":\"2022-04-28T14:36:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/chinas-huawei-posts-q1-revenue-drop-says-handsets-now-more-available\"},\"wordCount\":343,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/chinas-huawei-posts-q1-revenue-drop-says-handsets-now-more-available#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/04\/img-626aa6638e880.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"homepage-english\",\"miscellaneous\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/chinas-huawei-posts-q1-revenue-drop-says-handsets-now-more-available#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/chinas-huawei-posts-q1-revenue-drop-says-handsets-now-more-available\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/chinas-huawei-posts-q1-revenue-drop-says-handsets-now-more-available\",\"name\":\"China's Huawei posts Q1 revenue drop, says handsets now more available - 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