U.S. sanctions won't stop Huawei from soaring past Apple in China

Chinese smartphone-maker Huawei reported a rise in profit for the fourth consecutive quarter, outpacing its rival Apple, and showing its resilience against U.S. sanctions. Apple's share of China's smartphone market also fell year-over-year in the first quarter of 2024 from 19.7% to 15.7%. Last August, Huawei released its Mate 60 Pro smartphone series. The phone is powered by the Kirin 9000s chip, which uses an advanced 7-nanometer processor made by top Chinese chipmaker Semiconductor Manufacturing International Corp. Both the smartphone and chip were considered a feat for Huawei. Although it's been on the U.S. trade blacklist since 2019, Huawei saw a resurgence in China after releasing the Mate 60 Pro, with smartphone sales rising almost 70% year-over-year in the first quarter of 2024. Huawei released its newest smartphone, the Pura 70, earlier this month. Despite Huawei's successes, United States officials said earlier this month its efforts to curb advanced chipmaking in China are working. Despite being on the U.S. sanctions list, Huawei can still receive advanced chipmaking tools from American companies who have a special license to sell to blacklisted firms.