The company's carrier business also suffered worldwide headwinds as the US continues to pressure allies to exclude Huawei from their 5G infrastructure.
Citing "intense external pressure" faced by the global supply chain system during the coronavirus pandemic, China's Huawei Technologies Co Ltd reported a slowdown in revenue growth during the first nine months of the year on Friday.
Sales climbed by 3.7% to 217.3 billion yuan ($32.5 billion) from a year earlier, versus 23% for the second quarter, according to Bloomberg calculations based on January-September figures reported by Huawei.
Canalys' Ms. Peng said some relief could come from the fact that global telecommunications equipment manufacturers, including Huawei, were just beginning to generate revenue from sales of equipment that powers next-generation 5G networks, suggesting that this could be a long journey. temporary income.
US sanctions including the blacklisting of Huawei and moves to cut the Chinese company off from key semiconductor supplies, are weighing on the results.
Huawei is struggling with USA sanctions that cut off its access to most American components in a feud with Beijing over technology and security.
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Meanwhile, the company stockpiled critical radio chips to ensure it can supply China's carriers in their rollout of 5G technology past 2021, people familiar have said.
Overnight Huawei launched their new smartphones, the Mate 40, Mate 40 Pro and the Mate 40 Pro+. The smartphone comes with the latest Kirin 990E chipset and runs on the latest EMUI version. This year's line-up includes the Mate 40, Mate 40 Pro, and Mate 40 Pro+ models.
The Huawei Mate 30E Pro is available for pre-orders in China, but the company hasn't revealed its availability for other markets including India.
To top it off, Huawei also announced the Porsche Design Huawei Mate40 RS.
The Kirin 9000 SoC has 30% more transistors than the Apple A14 SoC, and Huawei CEO Yu Chengdong ridiculed the iPhone 12.
Kirin 9000's Image Signal Processor (ISP) is significantly more powerful than the one on the Kirin 990 and also offers better noise reduction and HDR video processing capabilities. In a press preview this week ahead of the Mate 40's launch, staff declined to answer questions on Huawei's ability to source chips.