Yesterday, Huawei introduced its Q3 business results, and it doesn’t appear like the US trade ban has been all that unhealthy for enterprise. The Shenzhen-based firm reported a powerful 24.four% improve over final 12 months’s earnings by way of Q3.
We already knew Huawei was doing pretty well regardless of its addition to the US entity checklist. However with yearly income of CNY610.eight billion (~$86.1 billion) and a internet revenue of eight.7%, we get a greater concept of simply how properly the corporate is doing, even when we don’t get the entire image on this report.
Regardless of the actual fact its newest flagship, the Mate 30 Pro, launched with out Google services, the corporate’s all-around cellphone gross sales don’t seem like hurting. Huawei shipped greater than 185 million smartphones within the first three quarters of this 12 months, which is a 26% year-on-year improve.
We aren’t precisely positive what number of of these gross sales got here from Q3 alone since Huawei didn’t launch Q3 unique gross sales stats. Android Central speculates the corporate shipped 67 million models this quarter in comparison with the stagnant 59 million shipped the final two, however that may’t be confirmed. Huawei didn’t reply after we reached out to ask for the Q3 particular smartphone cargo figures.
In line with the report, it additionally continues to guide 5G deployment across the globe, having signed 60 5G business contracts and shipped greater than 400,000 5G Large MIMO lively antenna models.
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The corporate additionally launched its Horizon Digital Platform this 12 months. So far, greater than 700 cities, 228 Fortune International 500 corporations, and 58 Fortune International 100 corporations partnered with Huawei to benefit from this enterprise digital transformation resolution.
Huawei’s Q3 outcomes are nothing to scoff at, even when the shortage of Q3 particular statistics paints a skewed image. Regardless, Huawei has confirmed that it means enterprise, and we don’t anticipate that to vary anytime quickly.