Huawei Technologies reported a meagre 3.7% rise in quarterly revenue on Friday, ending the double-digit growth run it enjoyed earlier this year.
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Huawei introduced the Mate 40 smartphone series on Thursday, potentially its last major release powered by its self-designed Kirin chips.
Huawei plans to introduce its HarmonyOS operating system, seen as the company’s best bet to replace Google’s Android mobile operating system, on smartphones next year.
Huawei Technologies will stop making its flagship Kirin microchips next month, financial magazine Caixin said on Saturday, as the impact of US pressure on the Chinese tech giant grows.
Restrictions introduced by Washington on Friday that ostensibly aim to allay US cybersecurity concerns are really designed to safeguard American dominance of global tech, a Huawei executive said on Monday.
Huawei Technologies’ rapid growth slowed to a crawl in the first quarter after Covid-19 depressed demand for smartphones and networking gear around the globe.
Huawei Technologies is about to test the demand for flagship smartphones in China, and the CEO of its consumer business said he’s confident markets and manufacturers are ready.
Huawei Technologies will overhaul its management ranks after revenue growth slowed in the latter half of 2019, when US sanctions spooked customers and suppliers around the globe.
The impact of the Trump administration’s blacklisting of Huawei was laid bare on Thursday as the Chinese company unveiled a flagship Android-powered smartphone that lacks any licensed Google apps.