Huawei sales soar 23% despite US restrictions on its business

  • 📰 CNN
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 95%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

CNN News, delivered. Select from our newsletters below and enter your email to subscribe.

Sales jumped to more than $58 billion in the first six months of this year, boosted by growth in the Chinese tech firm's smartphone business and an uptick in 5G network contracts, it said Tuesday.The Shenzhen-based company said that revenue for the first half of 2019 soared by about 23% compared to the same period last year. Huawei sells more telecommunications equipment than any other company in the world, and is a leading smartphone brand that competes with the likes of Samsung and Apple .

Chinese officials suspect FedEx held back over 100 Huawei packagesRead MoreDespite the US restrictions, Huawei chairman Liang Hua said Tuesday that operations are smooth."Our core products have not been significantly affected," Liang told reporters in Shenzhen on Tuesday. The trade blacklist"has had some impact on our development, but the scope and extent of the impact is controllable," he added.

 

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

with the huge domestic market Huawei can do pretty well despite US market which they never actually had any sales before

Restrict them, ruin Chinese companies & slow their economy to prevent a Future war with us....don’t think it will happen, it will if we let it

Thanks to Huawei’s Chief Marketing Officer Donald Trump, Huawei’s a household name now

yey and chinese gov will get its gps

yey Huawei !!!!(the makers of my very first smartphone ever😊)

My not like Huawei but like Honorglobal

Well it's a good phone

N that's only the beginning HuaweiMobileKE

Huawei is one of the best phones out there. And it is affordable

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:

 /  🏆 4. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines