Huawei has announced that it is preparing to return to its old days in the smartphone market. According to a statement given by company CEO Richard Yu, the Chinese manufacturer’s consumer group revenues have started to recover again. This signals that Huawei is making a comeback in smartphones.
Huawei smartphone sales have almost doubled
The restrictions that started under former US President D. Trump have caused Huawei to lose even in its own country. Unable to use Google Play services and buy 5G-supported chips, Huawei stated that its phones with HarmonyOS are on the rise.
Speaking at Huawei’s annual developer conference, CEO Richard Yu stated that the company’s share in China’s smartphone market increased by 76 percent. After this figure, he stated that they became the number two manufacturer in the “high-end phone segment”.
According to reports, Huawei currently controls 11 percent of the overall Chinese smartphone market. It is still behind leaders like Xiaomi, Vivo and Apple, but has grown from last year’s single-digit market share.
This recovery is remarkable despite Huawei’s inability to produce 5G phones. Under US rules, Huawei cannot buy hardware based on American technology. Restrictions have also caused Huawei’s global smartphone sales to fall.
Richard Yu said Huawei will continue to develop its HarmonyOS operating system and expand its partnerships with domestic chip suppliers. Huawei is expected to start producing 5G phones with its own chip towards the end of 2023.