Huawei Stages Incredible Comeback To Top China Smartphone Charts Despite U.S. Sanctions

Huawei Technologies reported a remarkable profit growth for the fourth consecutive quarter, reaching 19.6 billion yuan ($3.68 billion) in Q1, a 564% increase from the previous year, according to a report. The company's sales also grew by 37%, totalling 178.5 billion yuan. These figures suggest strong performance across multiple sectors. Despite US sanctions, Huawei showed resilience with a 70% increase in smartphone shipments, following the launch of a new 5G phone with a 7-nanometer chip developed in China. In contrast, Apple's iPhone sales in China fell by 25%. Huawei's Pura 70 smartphone series, featuring an enhanced chip, further intensified competition by selling out within two days of release. The new smartphone comes with another 7-nanometer chipset but it is said to be better in heat management and overall performance.