Aug 30, 2024 04:35 AM

BUSINESS

Huawei Growth Spurt After Taking a Bite of Apple’s Market Share

00:00

00:00/00:00

Listen to this article 1x

Huawei’s next flagship Mate 70 will be closely watched for any processor upgrades when it is launched later this year

Huawei’s next flagship Mate 70 will be closely watched for any processor upgrades when it is launched later this year

(Bloomberg) — Huawei Technologies Co. Ltd.’s revenue grew for the sixth straight quarter after its smartphones gained market share in China at Apple Inc.’s expense.

The Chinese networking and electronics leader posted a revenue of 239 billion yuan ($33.5 billion) in the June quarter, up 33.7% from a year earlier, according to calculations based on the company’s six-month financial figures.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Download our app to receive breaking news alerts and read the news on the go.

Get our weekly free Must-Read newsletter.

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Inspiration Behind Black Myth: Wukong

PODCAST

Caixin Biz Roundup: Record-High Net FDI Withdrawals From China

00:00

00:00/00:00

MOST POPULAR

1: Weekend Long Read: Can India Become the World’s Next Manufacturing Powerhouse?

2: Chinese Localities Adopt ‘Sell Everything to Save the Day’ Policy to Ease Debt

3: IBM Pulls R&D Units Out of China in Latest Withdrawal by U.S. Firm

4: Cover Story: Chinese Brokerages’ Dual Roles in Bond Market Sparks Concern for Conflicts of Interest That Raises Systemic Risk

5: Commentary: IBM’s Sudden China Layoffs Tarnish Reputation of ‘Foreign Company Culture’

SPONSORED

OR