Huawei’s profits have risen for the fourth quarter in a row – a sign that the Chinese technology company is increasingly taking market share from competitors such as Apple. For the first quarter of 2024, the Shenzhen-based group reported a net profit of 19.6 billion yuan (€2.5 billion), an increase of a staggering 564 percent. This was reported by Bloomberg with reference to a report by the Huawei holding company on the website of the National Interbank Funding Center.