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Huawei cedes further ground as smaller smartphone rivals swo

Huawei cedes further ground as smaller smartphone rivals swoop in
Reuters | Apr 29, 2021 11:59 PM EDT
A Huawei logo is seen at the Mobile World Congress (MWC) in Shanghai, China (Photo : REUTERS/Aly Song)
Smartphone shipments at China s Huawei Technologies Co Ltd, once the world s biggest smartphone maker, halved in the first quarter in China, as U.S. sanctions choked its supply chain even as the overall smartphone market rebounded.
China shipments fell to 14.9 million handsets in the quarter ended March from 30.1 million in the same period last year, according to research firm Canalys. Outside China, Huawei shipped 3.7 million units.
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Huawei smartphone shipments in China plunge by half in Q1- Canalys

ChinaHuawei cedes further ground as smaller smartphone rivals swoop in
ReutersSubrat PatnaikJosh Horwitz
3 minutes read
A Huawei logo is seen at the Mobile World Congress (MWC) in Shanghai, China February 23, 2021. REUTERS/Aly Song
Smartphone shipments at China s Huawei Technologies Co Ltd (HWT.UL), once the world s biggest smartphone maker, halved in the first quarter in China, as U.S. sanctions choked its supply chain even as the overall smartphone market rebounded.
China shipments fell to 14.9 million handsets in the quarter ended March from 30.1 million in the same period last year, according to research firm Canalys. Outside China, Huawei shipped 3.7 million units. ....

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Huawei smartphone shipments in China plunge by half in Q1: Canalys

By Reuters Staff
2 Min Read
FILE PHOTO: A Huawei logo is seen at the Mobile World Congress (MWC) in Shanghai, China February 23, 2021. REUTERS/Aly Song
SHANGHAI (Reuters) - China’s Huawei Technologies Co Ltd, once the world’s biggest smartphone maker, saw its phone shipments to retailers and other sellers within China plunge by half in the first quarter, as U.S. sanctions on its supply chain crimped expansion even as the overall smartphone market rebounded.
The company shipped a total of 14.9 million handsets within China in the quarter ending in March, down from 30.1 million in the same period last year, according to research firm Canalys. ....

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Digital Silk Road: Battle Between US and China Hi-Tech Firms Will Remain Fierce, Author Says

Digital Silk Road: Battle Between US and China Hi-Tech Firms Will Remain Fierce, Author Says
©
AP Photo / Mark Schiefelbein
Sputnik International
https://sputniknews.com/us/202104241082710162-digital-silk-road-battle-between-us-and-china-hi-tech-firms-will-remain-fierce-author-says/
The Fourth Digital China Summit in Fuzhou scheduled for 25-26 April will promote global cooperation in the field of e-governance, digital economy, and the ambitious Digital Silk Road project. Those who hesitate to jump on Beijing s hi-tech bandwagon or even throw sand in its gears may soon regret it, says Beijing-based author Thomas Weir Pauken II.
China has doubled down on implementing its Digital Silk Road (DSR) project with special focus on the technological development of the world s emerging economies and provision of cutting edge digital services. The DSR s backbone is a network of 15,000 km-long (9,300 mile) subsea cables ....

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Ericsson core profit beats forecast, patent fight casts shadow

Sweden s Ericsson core profit beats forecast, patent fight casts shadow
Reuters
3 hrs ago
By Supantha Mukherjee
© Reuters/Olof Swahnberg
FILE PHOTO: The Ericsson logo is seen at the Ericsson s headquarters in Stockholm
By Supantha Mukherjee
STOCKHOLM (Reuters) -Sweden s Ericsson on Wednesday reported first-quarter core earnings above market estimates as strong 5G equipment sales offset a loss of royalty income due to a patent fight with Samsung Electronics.
The coronavirus crisis has fast-tracked 5G adoption as governments prioritise digital growth, boosting telecom equipment makers such as Ericsson and Finland s Nokia.
Quarterly adjusted operating earnings rose to 5.3 billion Swedish crowns ($627.9 million) from 4.6 billion crowns a year ago, beating the mean forecast of 5.0 billion crowns, according to Refinitiv estimates. ....

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