Great Results for Huawei, Apple Struggles in China

In 2019, Donald Trump helped bring down China’s Huawei Technologies by restricting the use of its smartphones in the USA, pushing Google to limit the Android operating system the company could deploy, and by preventing the use of US components. Today, the Chinese company is a 2023 veteran with many new smartphones, most notably the Mate 60, equipped with a particularly high-performance chip, as well as new activities such as components for smart cars.

Revenue increased 9.63% from 2022 to 2023, reaching CN¥704.2 billion (US$97.48 billion), with the consumer sector contributing the most, rising 17.3% to CN¥251.49 billion. In 2021, Huawei’s turnover, particularly due to the chip supply crisis, collapsed by almost a third, followed by three years of continuous growth, even if turnover has not yet returned, as Reuters emphasizes, to 2020 levels of 891.3 billion yuan.

Meanwhile, its biggest competitor, US-based Apple, is losing ground in China, where, according to Italian economic newspaper Il Sole 24 Ore, “iPhone shipments to China fell about 33% in February from a year earlier, extending the collapse in demand for the flagship device in the most important overseas market.” This result is influenced by the Chinese government’s choice to promote the use of “made in China” technologies.