Huawei revenue surges 23%

Huawei announced that its revenue expanded by 23.2% YoY in the first half of 2019, as the company battles the effects of being added to a US trade blacklist since mid-May, reports the SCMP. 

The Shenzhen company generated revenue of RMB401.3 billion in the first six months of the year, up from RMB325.7 billion during the same period in 2018, thanks to a sharp jump in smartphone shipments and robust demand for its 5G equipment. 

“The difficulties Huawei is facing are still very large,” Huawei’s chairman, Liang Hua, said in Shenzhen. “These difficulties may temporarily affect the pace of our progress, but it will not change our way forward.” 

Tell us what you think