All articles tagged with #consumer business
Originally Published 1 year ago — by Bloomberg
Huawei's quarterly profit surged to about 13.9 billion yuan, marking a more than 65% increase from the previous year, as the company continues to gain ground in the consumer business against Apple and in the cloud division against Alibaba.
Originally Published 1 year ago — by Reuters
Despite facing U.S. sanctions since 2019, Huawei Technologies experienced its fastest growth in four years in 2023, with a 9.63% revenue increase to 704.2 billion yuan ($97.48 billion). The consumer business, including its handset segment, contributed significantly to this growth, with a 17.3% increase. The company's net profit also rose by 144.5% to 87 billion yuan, with the smart car software and components business seeing a notable 128.1% growth. This rebound reflects Huawei's recovery from U.S. restrictions and its successful expansion into new business areas like smart car technology.
Originally Published 2 years ago — by CNBC
Barclays reported a net profit of £1.27 billion ($1.56 billion) for Q3, slightly beating expectations, as strong results in its consumer and credit card businesses offset weakening investment bank revenues. The bank's CET1 ratio stood at 14%, and return on tangible equity was 11%. Group total operating expenses were down 4% YoY. Barclays' corporate and investment bank saw a decrease in income, while its consumer, cards, and payments business saw a revenue increase. The bank did not announce any new returns of capital to shareholders.
Originally Published 2 years ago — by Barron's
Goldman Sachs is considering ending its partnership with Apple as part of its plan to retreat from its consumer-lending business. The company is in talks with American Express to potentially take over Apple's credit card and other initiatives.