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Huawei achieved 131 billion yuan revenue in Q1 of 2022 with net profit of 4.3%

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Huawei revenue Q1 2022

Today, Huawei has officially released its business results for the first quarter of 2022. According to Huawei, the company has gained a sales revenue of 131 billion yuan with a net profit margin of 4.3% in Q1 of 2022.

As compared to 2021’s data, the Huawei sale’s revenue in Q1 of 2022 fell by 13.9% year-on-year. On this subject, Huawei’s Rotating Chairman – Ken Hu said that in the first quarter our overall business results were in line with forecasts. Our consumer business was heavily impacted, and our ICT infrastructure business experienced steady growth.

 “We have yet again increased our investment in R&D to harness the momentum of our innovation and create new value for customers,” said Hu

At last, Ken Hu added that we want to thank our customers and partners for their ongoing trust and support for the company. Further, in 2022, despite considerable operational challenges, we will work more closely with our customers and partners around the world to overcome adversity.

Huawei revenue Q1 2022

More Information:

According to information, a Huawei spokesman said the company had taken steps to meet consumer demand for smartphones. Huawei consumers can now more easily buy smartphones including the latest best-selling models such as its flagship P50 and Nova series devices. (Via: Reuters)

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As per the counterpoint report, Huawei covered 6.2% of the Chinese smartphone market in the first quarter of 2022. On the other hand, its former subsidiary Honor’s share reached 16.9%.

(Source: Huawei)

Amy is our firmware and software specialist, she keeps her eagle eyes open for new software rollouts, beta programs, and other software related activities as well as new smartphone launch.

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Huawei 4G phone ranks 1st in the Chinese foldables segment: Q3 2022

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Huawei is once again at the top of the Chinese market with its 4G folding smartphones. The company achieved a 53.2 percent market share and become the No.1 foldable maker in China.

Recently, the CINNO Research cooperation released the “Q3 2022 foldable market share in China” report. Accordingly, the report shows how the tech makers and their folding devices have performed in the region.

Eventually, the foldable device sales in China reached 723,000 units in the third quarter of this year. This is a valuable growth of approx 114% on the yearly basis. Further, the report displays Huawei’s success which is more interesting on the surface.

Despite a variety of folding phones with 5G facilities, Huawei scored the first position in the Chinese folding phone market with its 4G models. This achievement made Huawei the ultimate king of foldable phones in China.

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Huawei – champion of the folding phone market

The latest input reveals that Huawei gained a market share of 53.2% for its foldable gadgets which is an increase of 95% year-on-year basis. Alongside Huawei, Samsung grabbed the second position with 20.5%

Notably, the Huawei P50 Pocket is the leading device in the Chinese foldable market. It remained at the top in the market with extreme sales results for three succeeding quarters (From Q1 to Q3, this year).

In addition to the flip-flop model, the Mate Xs 2 has also shown good performance in the sales aspects. To be specific, Huawei has proven that the company will continue to excel in the smartphone market, with or without 5G.

Huawei Pocket S – a new contender

While old Huawei 4G foldable devices are already giving tough competition to the tech makers, the company has introduced one more smart gadget – Pocket S. The phone is a cheaper version of the P50 Pocket without any compromise in the features.

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Huawei pocket s

Undoubtedly, the new foldable will significantly increase the demand for folding phones in the market. With its fascinating appearance and eye-catching features, it will soon rule over the Chinese phone market.

Speaking of 5G implementation, the Huawei Consumer Business Group CEO and Smart Car BG head – Yu Chengdong said the following statement:

“Huawei as a global leader in 5G, is the only manufacturer selling 4G mobile phones in the 5G era.”

Though the CEO said the statement sarcastically, somewhere it’s a bitter truth. But it seems like the 5G unavailability doesn’t affect much of the company’s success. However, users are still waiting to hold the Huawei 5G smartphone back in their hands.

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Orange Pi OS launched, based on Huawei HarmonyOS

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Orange Pi OS harmonyOS

Orange Pi has launched Orange Pi OS based on the open source Huawei HarmonyOS version. Actually, there are three versions of Orange Pi OS in total but we’ll focus on the OpenHarmony-based software.

Orange Pi OS is an open source operating system for Orange Pi. The Orange Pi OS empowers Orange Pi series development boards, keyboard PCs, and other PCs. It can run Android, Windows, and Linux apps.

What is Orange PI:

Orange Pi helps run different applications, uses other operating systems and behaves like Android. To enable users to try various projects in the system.

Orange Pi OS with open-source HarmonyOS:

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The software brings compatibility and multi-terminal device support built with penHarmony as the primary technical route and combined with Linux technology.

It supports multiple CPU architectures with good compatibility, better hardware and software ecosystem, security, customizations, high efficiency, and low power consumption.

For example, it could be installed on tablets, handheld terminals, smart TVs, smart wearables, CCTVs, payment systems, self-service terminals, and more. Therefore, it could be used for various fields of interest such as office, entertainment, production, logistics, education, security, and others.

Below you can check some of the other key features of this operating system:

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Easy to maintain: Support for automated installation and remote maintenance management, integrated graphical management and maintenance tools, including system monitor, device manager, etc., support for the expansion of maintenance screen functions, making system maintenance more convenient.

Security: The system is based on identity identification, access control, data protection, and vulnerability monitoring, and strengthens defense in all aspects such as trusted computing, data confidentiality, secure start-up, and application signature to protect user applications and data security.

Reliable: Based on a stable kernel version, the kernel parameters and system components are tuned to optimize the performance of system start-up, memory usage, and other aspects, and support redundant configuration of components to ensure system stability and reliability.

Two other versions:

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There are two other versions of the Orange Pi OS, the first is based on Android and the second one is based on Arch Linux distribution.

Orange Pi OS harmonyOS

(source – OrangePi)

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US banned new equipments made by Huawei

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It’s been a long time since the US administration is making accusations against Huawei and banned it as a national security threat. But there’s a new addition to this story.

According to Reuters, US federal communication on Friday said to adopt final rules and banned the sale or import of new equipment made by Huawei citing “an unacceptable risk” to U.S national security.

Other than Huawei, the US fed accused and stopped sales from China’s surveillance equipment maker Dahua Tech, Hikvision, and telecom firm Hytera communication.

FCC Chairwoman Jessica Rosenworcel said these rules are an important part of the US’s ongoing actions to protect the American people from national security threats involving telecommunications. However, Jessica didn’t cite any evidence of espionage.

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So far, Huawei has not commented on this decision but the company has been continuously denying posing a security risk to the U.S.

Background:

FCC proposed such a ban on equipment and devices in a list of companies proposed last year. However, it’s derived from Entity List.

In 2019, the former U.S. president, Donald Trump announced the Entity List. It targets tech giants such as Huawei from getting key U.S. technologies to build new products such as smartphones or network equipment.

In the following year, FCC designated Huawei as a national security threat alongside ZTE. The US ordered to the removal of Huawei from the country’s network infrastructure. On the hand, the commission has passed a bill to provide 1.8 billion USD in assistance for service providers to remove Huawei-made gears.

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Still, U.S. carriers need more funds than the actual one that was announced by the FCC. The subsidy will only cover around 20-40% of the equipment, while they’ll have to pay the rest of the price from their own funds.

The new ban on Huawei and other Chinese companies may create some headlines for the U.S. in the name of national security. Yet, the US is not showing any evidence of how Huawei poses national security.

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