SHENZHEN, China - Huawei Technologies has sold 1.6 million of its Mate 60 Pro handsets in six weeks, a research firm said, as the Chinese technology giant defies a smartphone slowdown to enjoy strong demand in its high-end smartphone renaissance.
The handset has been in high demand, with available stock swiftly being bought up as soon as it arrives, "creating the appearance of perpetual unavailability," said Counterpoint senior analyst Ivan Lam. In China August smartphone shipments remained largely flat, rising 0.03% year on year to 18.99 million handsets, according to the China Academy of Information and Communications . -Nvidia said on Tuesday that new U.S. export restrictions will block sales of two high-end artificial intelligence chips it created for the Chinese market and that one of its top-of-the-line gaming chips will also be blocked.