Huawei Revenues Surged in Q3

Posted on October 16, 2019 by Paul Thurrott in Android, Cloud, Mobile with 7 Comments

Chinese technology giant Huawei reported that Q3 revenues jumped 27 percent to about $23.3 billion thanks to stronger than expected smartphone sales. The privately held firm also said that revenues for the first three quarters of the year jumped 24.4 percent to $86 billion, suggesting that its sales growth is accelerating.

“Our continued strong performance in Q3 shows our customers’ trust in Huawei, our technology and services, despite the actions and unfounded allegations against us by some national governments,” a Huawei statement notes.

Huawei says that it has shipped about 185 million smartphones so far in 2019. But it launched its latest flagship phone, the Mate 30 Pro, in September without any Google apps or services and that device’s fate is unclear.

Huawei’s stronger-than-expected performance in the smartphone market is most likely tied to the fact that the U.S. government had given it a reprieve from the blacklisting it imposed in May and then extended that reprieve to November. So while shipments appear to have rebounded, they could still be hammered in coming quarters should the ban be fully instituted and its cache of components and parts run out.

Of course, Huawei isn’t just a smartphone company and the issues it’s facing with the U.S. government are tied to its dominant networking business, not smartphones. On that note, Huawei has experienced some victories since the ban. Germany this week said that it will allow Huawei to participate in the creation of its 5G infrastructure. And Huawei says that it has now signed over 60 5G contracts worldwide, up from 50 two months ago.

One place the U.S. ban has had an impact, of course, is the United States, where its smartphone products are virtually nonexistent. That’s a shame: Huawei’s handsets are among the very best in the market, and their camera experience is likewise right at the top.

Tagged with

Join the discussion!

BECOME A THURROTT MEMBER:

Don't have a login but want to join the conversation? Become a Thurrott Premium or Basic User to participate

Register
Comments (7)

7 responses to “Huawei Revenues Surged in Q3”

  1. Avatar

    solomonrex

    Not only did Trump pardon ZTE (Save Chinese jobs!) and fail to land a hit on Huawei (revenue surge), but our closest allies are just flat out ignoring us?

  2. Avatar

    mmcpher

    I wonder about the viability of a third mobile OS, given the high quality of their handsets and the scale of their home market. Would the new OS, assuming it's necessary, automate side loading to the point it's not a big factor? I ran sideloaded apps for years and with the exception of Audible, it was not difficult. One benefit was that without direct access to Google Play, I wound up with a leaner device without all the bloat and redundancy.

  3. Avatar

    yangstax

    Huawei has thus far signed 65 5G network contracts, 2/3 of world total, among them 32 are in Europe. Now it seems that Germany and India also plan to do the same. U.S. sets itself back by banning Huawei while others are enjoying superior 5G networks. Nobody has found any security issues as claimed by U.S. Even Microsoft complains that Trump Government's conducts are un-American. Their security claims are based on assumptions rather than on facts. Everyone know it is just a political game. Huawei even offers to sell off their 5G patents and techs to US companies. What more can they do really?

  4. Avatar

    dontbeevil

    So Trump didn't manage to help apple against huawei

Leave a Reply