The company was on the verge of reaching its goal of becoming the largest smartphone manufacturer in the world when the U.S. started placing sanctions on the company in 2020 forcing it to develop its own HarmonyOS operating system. The U.S. also forced Huawei to stop designing its own cutting-edge 5G Kirin processors.
Huawei’s implied net profits for the second quarter were 35.5 billion yuan ($4.72 billion) and while that was an annual decline of 18.6%, last year the company reported one-time profits from divestitures. During Q2, Huawei said that its smartphone shipments rose 50% as it and other Chinese firms like Vivo and Oppo kicked the iPhone out of the top five smartphones being shipped in the country. Apple dropped to sixth. The top five, in order for the second-quarter, included:
Late this year Huawei will introduce the Mate 70 flagship series and the Mate phones are known for their cutting-edge features. It will be interesting to see what Huawei comes up with and the specs of the application processor that will drive the line.
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