smartphones

 
 

South Korea’s SK Hynix profits slump 69pc in first quarter

SEOUL, April 26 — South Korea’s SK Hynix, the world’s second-largest memory chip maker, saw operating profits plunge more than two-thirds in the first quarter in the face of lower prices, it said yesterday. Korean chipmakers — led by the…


Samsung facing crucial test over Galaxy Fold delay, analysts warn

SEOUL, April 23 — South Korean tech giant Samsung Electronics is “facing its biggest test ever”, analysts said today after it delayed the release of its US$2,000 (RM8,258) foldable phone over screen problems. The move by the world’s biggest…


Huawei Q1 revenue grows 39% to US$27b amid heightened U.S. pressure

HONG KONG: Huawei Technologies said on Monday its first-quarter revenue jumped 39 percent to 179.7 billion yuan (US$26.81 billion), in the Chinese technology firm’s first-ever quarterly results.

The Shenzhen-based firm, the world’s biggest telecoms equipment maker, also said its net profit margin was around 8 percent for the quarter, which it added was slightly higher than the same period last year. Huawei did not disclose its actual net profit.

The limited results announcement comes at a time when Washington has intensified a campaign against unlisted Huawei, alleging its equipment could be used for espionage and urging U.S. allies to ban it from building next-generation 5G mobile networks.

Huawei has repeatedly denied the allegations and launched an unprecedented media blitz by opening up its campus to journalists and making its typically low-key founder, Ren Zhengfei, available for media interviews.

The Chinese firm, which is also the world’s No. 3 smartphone maker, said last week the number of contracts it has won to provide 5G telecoms gear increased further despite the U.S. campaign.

By the end of March, Huawei said it had signed 40 commercial 5G contracts with carriers, shipped more than 70,000 5G base stations to markets around the world and expects to have shipped 100,000 by May.

Huawei’s network business saw its first drop in revenue in two years in 2018. But Ren Zhengfei said in an interview with CNBC earlier this month that network equipment sales rose 15 percent while sales of the consumer business increased by more than 70 percent in the first quarter.

“These figures show that we are still growing, not declining,” Ren said.

Guo Ping, rotating chairman of the company, has said he expects all three business groups – consumer, carrier and enterprise – to post double-digit growth this year.

Huawei also said on Monday it had shipped 59 million smartphones in the first quarter. It did not disclose year-ago comparable figures, but according to market research firm Strategy Analytics, Huawei shipped 39.3 million smartphones in the first quarter of 2018.


Huawei Q1 revenue grows 39pc to US$27b amid heightened US pressure

HONG KONG, April 22 — Huawei Technologies said today its first-quarter revenue jumped 39 per cent to 179.7 billion yuan (RM110.7 billion), in the Chinese technology firm’s first-ever quarterly results. The Shenzhen-based firm, the world’s…


China data lift US stocks but IBM weighs on Dow

NEW YORK, April 15 — Wall Street stocks were mostly higher as trading opened today following better-than-expected Chinese economic data, although weak IBM results weighed on the Dow. About 15 minutes into trading, the Dow Jones Industrial Average…


MNCC organising conference to explain Industry 4.0, facilitate and fund SME adoption

KUALA LUMPUR, April 17 — Many small and medium enterprises (SMEs) in the manufacturing sector outside the Klang Valley are facing difficulties in adapting to the Industry 4.0 (I4.0) as they remain heavily reliant on physical labour. With most…


Apple and Qualcomm bury the hatchet in royalties battle royal

SAN FRANCISCO, April 17 — Apple and American microchip manufacturer Qualcomm said yesterday they have agreed to “dismiss all litigation” against each other worldwide in what had been a sprawling battle over royalty payments. The last-minute…


US Justice Department tells T-Mobile, Sprint it opposes merger, says source

WASHINGTON, April 17 — The US Justice Department has told T-Mobile US Inc and Sprint Corp that it opposes their planned US$26 billion (RM106.9 billion) merger in its current form, a source familiar with the matter said yesterday, though a final…


Billions at stake as Apple vs Qualcomm trial begins

SAN FRANCISCO, April 16 — How much are iPhone chips worth? That more or less is the question to be decided by a US court as Apple seeks billions in damages from former chip supplier Qualcomm. Since Apple originally filed suit in January 2017, the…


Huawei P30 series lands in Malaysia, priced from RM2,699

KUALA LUMPUR, April 8 — Huawei has officially announced the arrival of the new P30 series of smartphones in Malaysia. Touted as smartphones that "rewrite the rules of photography", the new devices are available for pre-order immediately, and in…