BRIEF // Revenue from Huawei, which sold its Honor line of smartphones in November 2020, fell 16.5% to $ 23.5 billion in the first quarter of 2021. Operator-related activities are however stable .
Despite declining sales, Huawei saw its net profit margin increase thanks to $ 600 million in patent revenue. The Chinese company, which continues to face US sanctions, also attributes this figure to “Continuous efforts to improve the quality of operations and the efficiency of management”. Despite a “Another difficult year to come”, according to Eric Xu, current chairman of Huawei, the company plans to focus on deploying 5G carrier networks around the world. In the first quarter, Huawei would have sold 14.9 million smartphones in China, its main market, against 30.1 million in the first quarter of 2020, according to the Canalys firm. Its market share is said to have fallen from 41% to 16%. In China, Huawei is now behind Vivo and Oppo.