'Huawei' profits jump with the increase in its market share at the expense of 'Apple' and 'Ali Baby'

“Huawei Technologies” continued the series of strong growth in quarterly profits, thanks to the restoration of its consumer sector compared to the “iPhone” phone produced by “Apple”, and the performance of the Cloud Services section excelled over the sector leader, the “Ali baby” group. The large Chinese network and electronic company achieved a net profit of approximately 13.9 billion yuan ($ 1.9 billion) during the quarter, according to Bloomberg estimates based on the company’s financial statements. This represents more than 65% of the net profit of the company on an annual basis of 8.4 billion yuan. The financial results show how Huawei managed to succeed, despite the US sanctions and export restrictions that have been targeting for years. In August, the company released its most important range of smartphones “Mate 60” (bars 60), which works with a 7 -nanomcrowded and manufacturer, to launch a wave of popular national feel in the country. Sales of the Department of Electronic Devices for consumers rose 17.3% to 251.5 billion yuan in 2023. The pursuit of slides in Huawei supported after Huawei almost left the fields of smartphones and made chips after the United States prevented the foreign suppliers in 2019. The company is currently building a series of chips that make facilities to support its long -term ambitions in areas such as electric vehicles and artificial intelligence. Also read: Shi criticizes ‘technological obstacles’ during a visit to the Prime Minister of the Netherlands. The company’s cloud computed arm has grown by about 22% over the past year, as it has made more progress in local competition with “Ali Baba” and “Tennenenenenenenenenenenene Holdings”. It also revealed a model this month for the anticipation of weather conditions based on artificial intelligence in collaboration with the meteorological authority in Shenzen, where the company’s headquarters is located. The company’s discs have also begun to appear in Chinese systems for artificial intelligence developers, such as the system used by the AI ​​center and robots, based in Hong Kong, in the training of an artificial intelligence assistant for brain and nervous currency. Xiaomi launched the first electric vehicle with its trademark this week, and although “Huawei”, based in Shenzen, has not yet reached that stage, it has made progress in providing technology for the car sector, and this activity increased by 128% during 2023. Huawei also offered his “Aito” vehicles with his stores in China. Huawei’s recovery encouraged Chinese Chinese products, and the Chinese government coincided the increasing pressure on “Apple”, imposing or encouraging the use of local phones, devices and technology in all different industries and sectors, including government companies. The popularity of “Mate 60” also ignited the enthusiasm of the local brands. According to the official data, iPhone shipping in China fell by 33% during February, so that the demand for the basic product of Apple in its most important foreign markets. Last December, Huawei warned about the risk of fluctuations in the sector and the global economy in 2024 about its activities. In the wake of reaching the enterprise in the production of 7 nanometer processor. On the other hand, Washington officials are studying a set of response options that include the insertion of “Huawei” providers on the blacklist, and to persuade the allies to tighten the blockade based on semiconductor technology. US Minister of Trade Jenna Raymondo has confirmed that the United States will “take the necessary measures” to protect its national security.