Huawei used to be Samsung's main competition. The Chinese company temporarily led the world in smartphone sales.

However, since the US first forbade Huawei from selling smartphones there and subsequently shut down its network equipment business, its business suffered significantly.

Even more, it imposed limitations on the business, prohibiting it from acquiring essential machinery for its smartphone operation.

When everyone assumed Huawei was finished, the company declared its return to operations. Does Samsung need to worry, then?

Huawei has disclosed that its Q4 2022 sales were around CNY 191 billion (or $27.4 billion).

which is an increase of 7.2% from the previous year. Huawei's full-year revenues were approximately CNY 636.9 billion (or $92.3 billion), according to a Bloomberg article.

somewhat more than in 2021. How then did it succeed in doing this despite a global slowdown in smartphone sales outside of China?

somewhat more than in 2021. How then did it succeed in doing this despite a global slowdown in smartphone sales outside of China?