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Huawei’s Q1 2021 Phone Sales Down by Over 30%

CircleID CircleID: "2021 will be another challenging year for us, but it's also the year that our future development strategy will begin to take shape," said Eric Xu, Huawei's Rotating Chairman. Huawei generated CNY152.2 billion in revenue, a 16.5% decrease year-on-year. The Network Business continued to grow. It wasn't officially announced1, but consumer products other than phones probably increased sales. The fitness tracker, earbuds, and watches are winning strong reviews.

Phones have been about half of Huawei sales. I infer the 16.5% overall sales fall resulted from a 30-40% fall in phone sales. Other lines of business will soon replace phones, including cars and the cloud.

Huawei will survive and has a clear plan to thrive after a hard year or two. It has $40 billion in the bank and, if needed, essentially unlimited support from the government. It would be smart for the US to end the war but unlikely. Powerful Democratic Senators Schumer and Warner have joined with Republicans. Biden is unlikely to take this on until after the November 2022 elections.

Ren has called on the spirit of Shangganling, and Huawei's people are responding.

See: Huawei Announces 2021 Q1 Business Results, Business Remains Resilient 

Written by Dave Burstein, Editor, DSL PrimeFollow CircleID on TwitterMore under: Cloud Computing, Mobile Internet, Policy & Regulation, Telecom

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