Huawei has just released the annual business report for the year 2020, in which the Chinese tech giant has explained the growth in business for the mentioned timeline. According to the information, Huawei posted 891.4 billion yuan in global sales revenue and 64.6 billion yuan net profit. These also have a 3.8% and 3.2% on year increase respectively.
As mentioned previously, the company has posted this performance in the face of challenges presented by the U.S. sanctions as well as issues that prohibited the company from accessing vital components to build new products.
Talking especially on the smartphone business, Hu Houkun, Huawei’s Vice Chairman and Rotating Chairman said that the future of the mobile phone business is still uncertain due to the unclear supply situation, but the planned flagship model will still be launched as planned.
Currently, Huawei is preparing to launch the next P series flagship, P50. However, the company is yet to decide a launch date to bring this phone to the consumers.
He believes that Huawei’s series of mobile phones will still maintain the market leader’s postion.
In terms of chips, Huawei has made reserves and there are no current problems in meeting ToBs customer demands. Ultimately, the improvements in global chip supply deepened the recovery of the global semiconductor supply chain.
In terms of consumer business growth, Huawei said it is committed to adhere and work on its 1+8+N full scenario smart life strategy. Hu Houkun said that although the revenue of mobile phones has declined by 1, the sales of 8+N including tablets and smart wearables devices achieved high growth of 65% in the last year, which has made a big contribution to control the impact that has been made because of the decline in the mobile phones business.
The official also suggested that the mobile phone business is only a smart part of Huawei’s consumer business instead of counting it as a whole. But it has its own importance for the business for instance the latest Mate X2 foldable phone is unique on its own and hard for the match for any other smartphone maker.
In hi closing words, he said that U.S. sanctions have disrupted the global supply chain industry and it’s not clear who will get the benefit out of the current situation. Both upstream and downstream business holders are the victims including the suppliers from the U.S. are also suffering greatly.
He admitted that this is unfair and this misunderstanding must be corrected.
(Via – ithome)
Huawei AI computing center solution won Global Smart Expo Gold Award
On 16th September, Huawei AI computing center solution won the Global AI Product Application Expo Product Gold Award. This product is selected for its excellent artificial intelligence computing capabilities and industry ability.
Huawei’s AI computing center mainly focused on urban infrastructure AI computing. It offers scientific research, digital economy, atlas series hardware, CANN computing architecture, and AI framework MindSpore. Besides, it works on the combined capabilities of MindX and ModelArts.
Huawei AI Computing Center Solution:
Huawei has built IRS public computing power service platform in Yanta District. It has strengthened the AI ecological innovation and sprouting new industries simultaneously. This single-center mainly works on four platforms that include-
- Application Innovation Incubation Platform
- Industry Aggregation Development Platform
- Scientific Research Innovation Platform
- Talent Training Platform
Furthermore, the company’s AI computing center is actively deploying in more than 20 cities in Mainland. In particular, the Wuhan center has been associated with over 40 businesses, 4 academies, and various research organizations. Plus, its main projects include-
- Xi’an Future Artificial Intelligence Computing Center
- Northwestern Polytechnical University’s Voice Model Project
- MindSpore Research Office
About AI and Big Data Expo:
The AI and Big Data Expo are one of the biggest artificial intelligence and big data-based conferences and displays. Each year, it elected high-tech solutions and technologies across the world. It provides a single platform for brands, market leaders, AI & Big Data evangelists, and start-ups to jointly explore and discuss the leading technologies.
Huawei and China Power Collaboration: Promote green, low-carbon and, energy industry
Huawei and China Power signed a strategic collaboration agreement to jointly work on the green, low-carbon, and energy industries. Both parties are determined to implement four revolutions under one cooperation.
This corporation will be a contribution from both companies in establishing low-carbon cities. Chairmen and directors of Huawei Digital Technology and China Electricity Board signed this in-depth. The authorities include
- He Xun, Chief Engineer, and Board Chairman State Power Investment New Energy
- Hou Jinlong, Huawei Senior VP, and President of Huawei Digital Energy Technology
- Fu Jinsong, Deputy Secretary, Vice President, and Acting Chairman of the Labor Union of China Electric Power
- Xing Qing, Vice President of Huawei Digital Energy Technology
Huawei and China Power Collaboration Contract:
Under this cooperation, both firms will share their respective resources, advanced technologies, and benefits. It further instructs to respect the decisions of both authorities, fair implementation of technologies, and equal rights.
Huawei and China Power will jointly work to derive new energy storage technology solutions, application cooperation, and intelligence. Additionally, the collaboration area includes
- Photovoltaic solution application cooperation
- Comprehensive smart energy application cooperation
- County-wide promotion of distributed rooftop photovoltaic cooperation
- International business cooperation and other multi-platform strategic cooperation models
- Accelerate transformation and development
- promote energy revolution
China Power’s Strategic Development:
China power has shown new developments in its power storage, green power supply, distributed energy, green power trading, province development, geothermal energy, and other new routes.
Furthermore, it also has advanced funding, well-structured management, and trained employees to help in building a large platform for green and low-carbon transformation and development.
Huawei Digital Energy’s Resource:
Where China Power has a well-structured and hardware resource, Huawei Digital Energy offers integrating digital technology and power electronics technology. It also provides smart energy services mainly concerning users’ requirements.
The two parties are looking forward to working with each other and shard the benefits of their expertise. Moreover, they will jointly resolve the challenges in the development of new productions, economic development, and realizes low-carbon cities.
Huawei smartphone market loss became iPhone 13’s blessing
Huawei has to give its dominance over the global and Chinese smartphone market due to the sanctions. However, the phone market loss of Huawei has become a major blessing for recently launched Apple’s iPhone 13.
In the past two years, Huawei has been continuously disturbed by U.S. sanctions. The Chinese tech giant has been accused under a narrative and later it was cut with supplies of essential parts as well as services to build new products such as smartphones.
Huawei’s smartphone market loss:
In May 2019, Huawei has been placed under the U.S. entity list, a program specially designed to restrict Huawei from purchasing required components such as mobile and network equipment chipsets. Since then, Huawei has been hit by 4 rounds of sanctions that impact the company in a very devastating way.
Coming to the results, Huawei is unable to print new Kirin chipset design, had to sell its subsidiary – Honor, and it’s now out of the top smartphone maker and the recently in the absence of 5G chipset, the Chinese tech maker is selling “flagship” phones with 4G connectivity.
The damage is surely there but the company is finding its way to rise up again. However, “once a giant smartphone maker” has left a big opening of opportunity of its competitor in the market, even on the home ground.
The same goes for the premium segment, the Chinese consumers are looking for a new substitute for their premium smartphone choice and what could be better than the new iPhone 13.
Blessing for iPhone 13:
According to a report coming from SCMP, Apple has made strong pre-orders of the iPhone 13 lineup on the Chinese e-commerce platform – JD.com. As of Thursday, the American phone maker has registered over 2 million pre-orders, which surpasses 1.5 million pre-orders of last year’s iPhone 12 lineup on the same platform on the same timeline.
According to the report, the record iPhone 13 pre-order credit goes to the decline of Huawei’s phone market. On the other hand, consumers made an easy choice between Huawei phones and Apple’s in order to get better tech such as 5G.
Huawei has recently launched P50 Pro that comes with a monstrous camera setup and picture quality that surpasses all phones. Despite its premium design and lots of new features, analysts believe it lacks key selling points such as the 5G network.
“There isn’t a smartphone [in the market] which can be a threat to the iPhone 13 above the 5,000 yuan (US$776) price range,” said Qi Counterpoint Research senior analyst Ethan Qi “There isn’t a product that is as strong as the old Huawei Mate series.”
As a matter of fact, Apple isn’t the only one enjoying this market growth. Other Chinese phone makers are also taking their fair share of share left behind by Huawei.