{"id":311178,"date":"2021-10-29T10:59:12","date_gmt":"2021-10-29T10:59:12","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=331824"},"modified":"2021-10-29T10:59:12","modified_gmt":"2021-10-29T10:59:12","slug":"huawei-revenue-dwindles-on-consumer-segment-woes","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2021\/10\/29\/huawei-revenue-dwindles-on-consumer-segment-woes\/","title":{"rendered":"Huawei revenue dwindles on consumer segment woes"},"content":{"rendered":"

<\/p>\n

\tHuawei\u2019s revenue for the first nine months of 2021 fell by almost a third year-on-year, largely attributed to its consumer business where it suffered a\u00a0drop in handset sales [1] and divested sub-brand Honor [2].<\/p>\n

In a brief trading update, Huawei reported CNY455.8 billion ($71.3 billion) in revenue for the nine months to end-September compared with CNY671.3 billion in the same period of 2020.<\/p>\n

Huawei noted the performance was in line with expectations.<\/p>\n

Rotating chairman Guo Ping (pictured) explained while Huawei’s B2C business had been \u201cseverely impacted\u201d during the recent period, its B2B segment was stable.<\/p>\n

\u201cThrough our ongoing commitment to innovation, R&D, and talent acquisition, and rigorous attention to operating efficiency, we are confident we will continue to create practical value for our customers and the communities in which we work.”<\/p>\n

The only other figure the company divulged in its update was its net profit margin, which was 10.2 per cent compared to 8 per cent in the same period of 2020. It provides more detailed analysis on a half yearly basis [3].<\/p>\n

Huawei\u2019s issues with US [4] and other authorities have been well documented, as has its related decline in the smartphone segment.<\/p>\n

However, the company has outlined on numerous occasions it intends to regain its place in the device market [5] alongside entering new lines of business.<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/devices\/news-devices\/smartphone-shipments-close-in-on-300m-units-in-q2
\n[2] https:\/\/www.mobileworldlive.com\/devices\/news-devices\/huawei-shakes-on-honor-sale
\n[3] https:\/\/www.mobileworldlive.com\/featured-content\/home-banner\/huawei-goes-into-survival-mode
\n[4] https:\/\/www.mobileworldlive.com\/featured-content\/home-banner\/huawei-lands-on-us-trade-blacklist
\n[5] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/huawei-puts-chips-on-china-partners-for-device-revival<\/p>\n\n

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<\/p>","protected":false},"excerpt":{"rendered":"

Huawei\u2019s revenue for the first nine months of 2021 fell by almost a third year-on-year, …<\/p>\n

The post Huawei revenue dwindles on consumer segment woes<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":246,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Huawei revenue dwindles on consumer segment woes - ITTeacherITFreelance.hk","description":"Huawei\u2019s revenue for the first nine months of 2021 fell by almost a third year-on-year, ... The post Huawei revenue dwindles on consumer segment woes appeared f"},"footnotes":""},"categories":[11,8,21],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/311178"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/246"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=311178"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/311178\/revisions"}],"predecessor-version":[{"id":311179,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/311178\/revisions\/311179"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=311178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=311178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=311178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}