Huawei posts flat revenue Q1, remains positive of market share increase
Huawei made about as much money in Q1 of 2020 as in Q1 of 2019. The company's total revenue was CNY 182.2B ($25.75B) - a 1.4 percentage point increase over the CNY 179.7B ($25.43B) of last year's Q1.
Meanwhile net profit in Q1 of 2020 dipped to 7.3%, compared to 8% of Q1 2019.
Huawei claims its operations are continuing as usual, despite the current pandemic. The maker is even confident that it will increase its global market share, despite the expected 20% decline in global shipments.
As the pandemic slowed in China, local revenue managed to recover in March. But Huawei is seeing a slow-down outside its home market, including Huawei's 5G deployment business.
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Reader comments
- Anonymous
- 04 May 2020
- 7xY
"Meanwhile net profit in Q1 of 2020 dipped to 7.3%, compared to 8% of Q1 2019." Incorrect. A correct statement should be: "Meanwhile net profit increase in Q1 2020 is 7.3%, compared to that of 8% of Q1 2019." Q1 of 2020 over Q1 of 2019: revenue...
- Anonymous
- 22 Apr 2020
- XF4
Well because their p30 was already released with play services and continues to be sold in good numbers, they dominant their home premium market more so now than ever because of China USA trade warz Apple lost sales. Then there's the part where they ...
- Anonymous
- 22 Apr 2020
- nfy
I can't believe you still don't get it. If I write it out, they will delete my comment. Two words: 1st Starts with "Ch" and ends with "ese" / 2nd Starts with "Dic" and ends with "ship". Do you also need a history lesson to understand why the wo...
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