Economic news

Huawei's income rises 24.4% in first three quarters of 2019

Huawei Technologies Co Ltd, the Chinese tech giant boycotted by the U.S. government, said income advanced by 24.4 percent in the initial seventy-five percent of 2019 to 610.8 billion yuan ($86 billion).

huaweiPhoto: Flickr

It dispatched over 185 million smartphones during a similar period, up 26 percent year-on-year, an organization report said. It didn't give data for third separately.

The organization said in August that while the effect of U.S. exchange limitations will be not exactly as at first dreaded, the curbs could punch its smartphone unit's income lower by about $10 billion the current year.

Huawei is the world's greatest producer of telecom network gear and the second-biggest smartphone creator.

Huawei detailed a 23.2 percent ascent in first-half income in July.

To leave a comment you must or Join us

  • avatar-1327
    • #

    Amazing result! Huawei shows to the whole world that even being banned by the U.S. your profit can grow.

More news

Back to economic news list

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree