Huawei's first quarter earnings surge thanks to strong Mate 60 series sales

, powered by the first 5G-enabled chipset used in a Huawei phone since 2020's Mate 40 line, led the company to report a surge in first quarter earnings. The beleaguered manufacturer, handcuffed by U.S. sanctions against it, got the last laugh as its profits rose a whopping 564% year-over-year during the first-quarter of 2024.reported profits of 19.65 billion yuan on revenue of 178.5 billion yuan . That figure represented a 37% hike over Huawei 's Q1 2023 gross.

The same spokesman said,"The industry and global markets will remain rife with uncertainty for the rest of 2024. Nevertheless, we are continuously building out mechanisms for global business continuity and agile operations. We are confident that we can meet our annual business targets and achieve sustainable growth."

The Kirin 9000s SoC used on the Mate 60 line shocked U.S. lawmakers who thought that the export rule they created in 2020 would prevent Huawei from obtaining application processors that support 5G. The rule disallows foundries that use American tech to build chips from shipping cutting-edge silicon to Huawei.

Beyond smartphones, Alan has covered the emergence of tablets, smartwatches, and smart speakers.A discussion is a place, where people can voice their opinion, no matter if it is positive, neutral or negative. However, when posting, one must stay true to the topic, and not just share some random thoughts, which are not directly related to the matter.Multiple accounts - one person can have only one accountModeration is done by humans.

Source: News Formal (newsformal.com)

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