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

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

	By Dave Burstein Editor, DSL Prime
	May 04, 2021 Views: 13,283 Add Comment

“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.

By Dave Burstein, Editor, DSL Prime — Dave Burstein has edited DSL Prime and written about broadband and Internet TV for a decade.
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