Huawei's device business earned 11 billion yuan in first half of 2019: filing

  • 📰 Reuters
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

Huawei Technologies' device business, comprising mainly smartphones, made a...

HONG KONG - Huawei Technologies’ device business, comprising mainly smartphones, made a 11 billion yuan profit in the first half of this year - as much as it earned in all of 2018 - a rare regulatory filing showed.

Analysts have said that the consumer business is the most vulnerable to Washington’s sanctions, with the main impact likely to be felt in the second half of the year. Huawei previously said smartphone shipments in the first half of the year jumped 24% jump to 118 million units, as demand surged from patriotic Chinese buyers amid rising rhetoric in local media that Huawei was being treated unfairly by the United States.

Profit at Huawei Device Ltd, a wholly-owned unit of the parent and a proxy for the behemoth’s smartphone business, was 11.2 billion yuan in the first half of 2019, while revenue was 211 billion yuan.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Загадочно очень! Что это такое?

How much of that came from spying on foreign countries?

Paid article? As it was published that china is spending millions of dollar in west to build its image as super power. If you study thoroughly you will only costal china is shown to outer world. mid and western china is untouchable. None of west media dare to report from there.

Without the USA.

Have you purchased a Huawei lately?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States United States Latest News, United States United States Headlines