Huawei first-half revenue surges 23 per cent as China telecoms giant fights off US tech ban impact

//Huawei first-half revenue surges 23 per cent as China telecoms giant fights off US tech ban impact

Huawei first-half revenue surges 23 per cent as China telecoms giant fights off US tech ban impact

Huawei Technologies, the world’s largest telecommunications equipment vendor, said its revenue expanded by 23.2 per cent year-on-year in the first half of 2019, as the company battles the effects of being added to a US trade blacklist earlier this year.The Shenzhen company generated revenue of 401.3 billion yuan (US$58.3 billion) in the first six months of the year, up from 325.7 billion yuan during the same period in 2018, thanks to a jump in smartphone shipments and robust demand for its 5G…

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By | 2019-07-30T07:13:18+00:00 July 30th, 2019|Business|Comments Off on Huawei first-half revenue surges 23 per cent as China telecoms giant fights off US tech ban impact