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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 P60 series could show up at MWC 2023

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Huawei P60 series

Huawei has finalized the design of the P60 series and the flagship could appear at Mobile World Congress (MWC) 2023 at the earliest, which is piece of amazing news.

Input coming from different Weibo tipsters suggests that Huawei has confirmed the design of the Huawei P60 series. It is the first camera module that has a giant ring in the middle followed by a camera on the top and a periscope camera placed on the bottom side.

These tipsters have seen the test model, and the company is likely to keep the below-featured camera system, unlike the one that surfaced recently. The camera bump is rectangular and houses all of the sensors inside, making it a hybrid version of P50 and P40 devices.

Huawei P60 Design finalized

MWC 2023:

Another tipster suggested that the Huawei P60 series revealing could occur at MWC 2023, which will be a surprise. However, the tipster insists that it could be the earliest launch attempt that the Chinese tech maker may choose to go with.

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Huawei P60 series MWC 2023

MWC Barcelona is an annual event and 2023’s conference will start from February 27, 2023, to March 2, 2023. So, the company could book the last week of this month to open the launch or by early in March.

At MWC 23, Honor will also participate in the launch of its new foldable device. This leads us to a prediction that, Huawei Mate X3 is also ready to enter among consumers and it would make sense, as this new foldable device is ready to raise the curtain.

Past information:

Huawei P60 series could be the most powerful camera smartphone, as it will feature a large sensor to boast better light. Also, it will debut variable aperture in the P series, which is another advantage for this flagship family.

For now, Huawei has not made an official announcement about the launch date. However, there is more information that will appear to amaze us.

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Huawei is an advance player in technology such as ChatGPT: Chief

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Huawei ChatGPT

ChatGPT is a raging storm on the internet and everyone is talking about this AI-powered instant reply software but Huawei says, it has long mastered such technology.

A person in charge of Huawei’s computing product section said that Huawei began to have a layout in the large model in 2020. In the following year, Huawei launched Pengcheng Pangu, which is a super-large model and the first of its kind in the industry.

This model can generate 100 billion levels of processes and can generate responses or understand Chinese natural language processing as well as speech recognition.

To be mentioned, Pangu NLP large model was the world’s largest Chinese language pre-training model with 100 billion parameters at that time. The sample tuning of the data improves the application performance of the model in the scenario.

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Patent:

Recently, two patents have surfaced on China’s intellectual property office, which reveal Huawei’s use of AI in instant reply software. However, we can say that Huawei has already applied a lot of AI software to human conversation technology, which was way ahead of ChatGPT. But Huawei has not revealed any plans to implement such tech in Huawei devices.

ChatGPT:

ChatGPT was launched as a prototype on November 30, 2022, and quickly garnered attention for its detailed responses and articulate answers across many domains of knowledge. Its uneven factual accuracy, however, was identified as a significant drawback. Following the release of ChatGPT, OpenAI’s valuation was estimated at US$29 billion.

Read more here – Huawei patent new ChatGPT like reply software

Huawei ChatGPT

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Xiaomi took 50 million Huawei smartphone users: President

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Xiaomi and Huawei

After the events of the U.S. ban, Huawei had to reduce its capacity of building new smartphones, which result in low yield and sales, and now, Xiaomi claims that it took over 50 million of Huawei’s users.

During the Xiaomi Investment Day, Lu Weibing, President of Xiaomi Group said that Huawei has lost over 80 million smartphone users, of which, Xiaomi took over 50 million.

This is quite a big statement made by the head of the Chinese phone maker as Huawei was forced to leave the market due to the restrictions on manufacturing.

After not meeting the market requirements the share of Huawei’s smartphone market declined severely in both the Chinese and global markets. While other smartphone makers are the ones that got most of the benefits.

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Xiaomi and Huawei

From the rest, Apple took over 20 million users and Honor grabbed 10 million, which accounts for an overall 80 million Huawei users.

According to the data revealed by Canalys, the global smartphone market ranked Samsung first and Apple second, which has increased by 22 percent and 19 percent respectively. While Xiaomi declined to 13 percent.

Aside from Apple and Samsung, other smartphone maker has declined. On this matter, Xiaomi’s president said that the decline in his firm is related to various reasons such as currency depreciation, chips from shortage to surplus, and intensified competition, the global mobile phone market will decline by 12% in 2022, of which the Chinese market will decline by 13%.

Why not?

It was an opportunity for all of the smartphone companies with an open opportunity to grab Huawei’s market share and it fell directly into their lap without doing anything.

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(via – CNMO)

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