Today, Huawei released the Q1, 2019 operating results. In terms of consumer business, Huawei shipped more than 59 million smartphones, which is unprecedented. As one of China’s most popular and high-profile smartphone manufacturers, Huawei and Xiaomi are often compared to each other. So not accidentally, today, Lu Weibing, vice president of Xiaomi Group and general manager of Redmi brand, was asking questions concerning Xiaomi’s closest rival.
Particularly, he said that in the face of such a strong opponent, Xiaomi has confidence and wants ‘to catch up’? Xiaomi has repeatedly encountered difficulties. He also said that ‘I have to admit that, besides marketing, what is more important, is the continuous investment in R&D and the promotion of brand image with the ultimate product strength. Xiaomi has been always popular due to its price/performance ratio.’
In fact, Huawei has 32 years of historical precipitation and accumulation, while Xiaomi is only 9 years old. It is a young company and will continue to learn from Huawei in all aspects. Lu Weibing confessed that he believes ‘the world needs Huawei, and Xiaomi needs it as well.’
As for the Huawei results in the first quarter of 2019, the company has announced its sales revenue was 177.9 billion yuan ($26.52 billion), an increase of 39%; net profit margin of about 8%, a slight increase year-on-year.
The Chinese tech giant also said that in 2019, the 5G commercial-scale deployment was launched globally, and Huawei’s carrier business ushered in a historic development opportunity. As of the end of March, Huawei has signed 40 5G commercial contracts with the world’s leading operators, and more than 70,000 5G base stations have been sent to all parts of the world.