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Meng Wanzhou will attend Huawei 2021 Annual Report Conference

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Meng Wanzhou Huawei Conference

Today, Huawei is going to host the 2021 Annual Report Conference at 4:30 PM (China time). At the Huawei conference, Huawei’s rotating chairman – Guo Ping, and vice-chairman as well as CFO – Meng Wanzhou will be present to attend the performance briefing.

More importantly, it is the first public appearance of Meng Wanzhou at the Huawei conference after returning to China. A short intro about Meng, she is graduated and did master’s from Huazhong University. In 1993, she joined Huawei and served as Director of Huawei’s International Accounting Department, Cheif Financial Office at Huawei Hong Kong, and President of the Accounting Management Department.

Coming to the conference, Huawei will present the annual financial data reports of 2021 in detail as well as introduce the company’s future layout and business strategy. Further, Huawei will hold a question-answer session with news reporters.

According to information, Huawei is continuing to increase its Research and Development programs to meet challenges in the development process. Additionally, it is also focusing on new software ecosystems such HarmonyOS AKA Hongmeng OS and Euler to provide better software capabilities.

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Meng Wanzhou Huawei Conference

Furthermore, Huawei has already revealed some of 2021’s performance data in the New year 2022’s speech. The company mentioned that the overall 2021’s sales revenue is about 634 billion yuan with a decline of 28.9% year on year.

However, the fourth quarter’s sales revenue was fell by 19% accounted for 178.2 billion yuan. During the New Year speech, Guo Ping said Huawei’s business performance is steadily growing healthily. The overall condition of the company is in line as expected.

Also, he added the external environment remains turbulent, and the ICT industry is facing challenges such as technology politicization and globalization. Huawei must maintain a strategic focus and respond rationally to external forces.

(Via: ithome)

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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 grabs half of China’s foldable smartphone market share

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Huawei Mate Xs 2 foldable phone

Huawei is preparing to launch Mate X3 and the last quarter result reveals that the company is leading this foldable smartphone market acquiring almost half of the overall share.

According to IDC, Huawei remained the largest foldable smartphone seller in China with a market share of 47.4% in the fourth quarter of 2022, which is half of the entire country.

Data compiled by the market tracker shows that China’s shipments of foldable display mobile exceeded 1.1 million units, a new high, and the annual shipments were nearly 3.3 million units, a year-on-year increase of 118%.

Huawei half foldable smartphone Q4 2022 IDC

Despite Huawei not featuring a 5G network, customers continue to select Huawei smartphones. For the time being, Huawei Mate Xs 2 is the only smartphone to come bring satellite communication features.

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Last year, Huawei unveiled low priced Pocket S flip style device, the phone is compact and portable after folding. It is an exquisite device, with richer and fresher Color matching is more popular with young people peoples.

Currently, Huawei is the only company in the industry that has three foldable mechanisms: Inward, outward, and vertical foldable. As of now, the Chinese tech maker has launched six generations of folding-screen smartphones.

More on this, Samsung ranks second with 16.5% of the market share. OPPO takes 13.8% of the market share for the third place. Vivo is fourth, with a market share of 7.7%, Honor and Xiaomi are ranked fifth and sixth respectively, with similar shares.

(via – Sina Tech)

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Honor Magic 5 series launching on February 27

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Honor Magic 5 series February 27

Today, Honor has officially confirmed the launch date of the Magic 5 series flagship for February 27 at Mobile World Congress (MWC) 2023.

Honor wrote, “Any sufficiently advanced technology is indistinguishable from Magic.”

According to the information, the Honor Magic 5 series will be accompanied by Magic Vs on February 27 at 1:30 PM (CET). Honor has decided to unveil this upcoming Honor lineup at MWC Barcelona, which is a good decision.

Honor Magic 5 series February 27

Inspecting the promo image, the Honor Magic5 series will come with a triangle-shaped camera system that is new to the smartphone lineup.

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Leaks:

Past inputs reveal that Honor Magic 5 series comes with 100x zoom, achieved by a periscope camera system. On the other hand, it sports a flagship BOE screen and will be the first time Honor will use it.

He said that Honor Magic 5 would be lighter in design and IP68 dustproof and waterproof, which are the standards of a flagship device.

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Honor gets massive growth in China, inches closer to top spot

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Honor CEO

Huawei’s former subsidiary, Honor is leading ahead of the former parent company and it’s the only phone maker that made growth in the Q4 of 2022 in China.

According to the data compiled by IDC, Honor achieved an 18.1% percent market share in Q4 2022 with a massive 34.4% year-over-year growth. While Honor’s market share was 11.7% in the same quarter in 2021.

Within a year, Honor made rapid progress, and the Chinese company continue to launch new devices among customers such as the Honor 80 series.

“Honor was the only Top 5 player that achieved growth in 2022 due to a low comparison base year and its aggressive product portfolio development.” wrote IDC.

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Other companies on the chart include Vivo, which was only inches away to lose the top spot to Honor. Vivo collected an 18.6% market share, it is reduced from 21.5% in 2021 with a -25.1 percent decline. Third comes oppo with a 16.8% market share and -28.2% YOY decline. Fourth is Apple with a 16.8% share and -a 4.4% decline.

Honor growth China Q4 2022 IDC

Third Quarter:

Honor is introducing new devices among consumers, which are actively contributing to its sales.

In the third quarter of 2022, Honor had 17.9% of the market share. This result is featured with the sale of the Honor 70 series. With its extremely attractive appearance and good performance optimization, the X40 series has quickly become a “popular” product since its launch.

Meanwhile, other products continue to become important choices for the entry-level market. At the same time, the flagship Magic 4 series has made great efforts in the commercial market and won some government procurement orders.

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China’s smartphone market:

Other than Honor, China’s smartphone is running record low, according to the market tracker, 285.8 million smartphones shipped in China in 2022, down 13.2% year-on-year (YoY) to below the 300 million mark for the first time in ten years. In 4Q22, the market declined 12.6% YoY to 72.9 million units.

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