The global launch of Huawei’s flagship phone, the Mate 30, has been delayed indefinitely thanks to the ban on Huawei from using Google’s services. Inside China, however, the phone has been selling extremely well, as it moved a million units in its first weekend, and reached three million units by the second week.
Those numbers have helped the Chinese tech giant keep up its solid financial figures despite ongoing scrutiny from the U.S. government. In third-quarter financial results released today, Huawei reported total revenue of 610.8 billion yuan ($86.1 billion) and 185 million phones sold, the former a 24.4% over the same nine-month period of 2018, and the latter about on par with last year’s pace.
The company, however, did not specify figures specific to Q3. Instead, it only gave 2019 totals up to September. The special accounting methods suggest that Huawei’s third quarter numbers may have not met the company’s expectations. Ben Sin of Forbes writes:
After doing some math using numbers from Q1 and H1 results, we can deduce that Huawei sold 67 million phones in Q3, which is a jump from Q2’s 59 million. These figures include all Huawei and Honor handsets, so they include budget phones like Honor 9X all the way up to the flagship Mate 30 Pro. But it is likely the Mate 30’s smashing success in China that is driving the bulk of the growth. Huawei declined to break down how much of the 67 million units were sold in China, but if I were to venture a guess, I’d say most, as the lack of Google apps is a major dealbreaker for consumers in Europe, Singapore, and well, everywhere outside of China.
I think it’s still quite a feat for a company to be able to still millions of phones despite the backlash. What do you think?
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