Huawei’s revenue rises 24.4pct in first three quarters of 2019

17-Oct-2019 Intellasia | Reuters | 6:02 AM Print This Post

Huawei Technologies Co Ltd, the Chinese technology giant blacklisted by the US government, said revenue grew 24.4 percent in the first three quarters of 2019 to 610.8 billion yuan ($86 billion).

It shipped more than 185 million smartphones in the same period, up 26 percent year-on-year, a company statement said. It did not provide figures for the third quarter alone.

The company said in August that while the impact of US trade restrictions will be less than initially feared, the curbs could push its smartphone unit’s revenue lower by about $10 billion this year.

Huawei is the world’s biggest maker of telecom network equipment and the second-largest smartphone maker.

Huawei reported a 23.2 percent rise in first-half revenue in July.


Category: China

Print This Post