On Thursday, October 22, 2020, Richard Yu, CEO of the Consumer Business Group unveiled in a livestream the latest flagship of Huawei, the Mate 40. This device is equipped with Huawei's Kirin 9000 chipset, a chip engraved in 5 nm launched large-scale in the market by Apple and Qualcomm.

However, the Mate 40 may well be the last line of smartphones from Huawei to feature such a chip. Indeed, several months ago, the United States no longer allowed American companies to supply equipment to Huawei. However, Richard Yu explained earlier this year that US restrictions would prevent him from making Kirin chips.

Huawei - Huawei makes 3.7% profit in the third quarter - FREDZONE
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In fact, analysts have estimated that Huawei will run out of stock of Kirin chips in 2021. Nonetheless, despite all these problems with the US restrictions, it looks like Huawei's bottom line is not suffering too much.

217.3 billion yuan in profits

According to information from Reuters, Huawei achieved an increase in revenue in the third quarter. This increase would be in the order of 3.7%, which would represent 217.3 billion yuan, or about 27,470,000,000 euros.

Going further, the Consumer Business Group said in a statement that Huawei's revenue increased 9.9% in the January-September period compared to the same period in 2019 to reach 671.3 billion yuan, or approximately 84,864,000,000 euros.

Huawei's net profit margin for the nine months nonetheless declined, going from 8.7% in 2019 to 8.0% this year.

Huawei's sales are disparate in China and around the world

The behavior of users towards Huawei's situation is indeed not the same. Chinese consumers are flocking to Huawei smartphones, Reuters says in fear that newer models will soon be out of stock, while in the rest of the world sales are slower due to users' reluctance to buy Huawei smartphones. private Google services.

In addition, Apple, Huawei's rival, also started selling its new iPhone 12 range on Friday, October 23, 2020 in the world. As the two tech giants dominate China's premium smartphone segment, some analysts believe Apple could end up taking market share from Huawei. But that remains to be seen and demonstrated.

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