Huawei Recorded 30 Percent Higher Revenue, With 100 Million Smartphone Shipments, Despite U.S. Restrictions
https://wccftech.com/huawei-revenues-increase-30-percent/
Huawei, which was put on an entity list by the U.S. on back in May, has reported strong financial results for the first half of 2019. Revenue is up 30 percent compared to the same period last year, which is quite impressive, given the uncertainty that has clouded the battered company in recent times.
While previously, the U.S. government only had problems with Huawei’s 5G equipment, in May it also placed a new ban on the company, under which various critical partners, including Google, were forced to cut ties with the company. Without key supply partners, the Chinese company was essentially left for dead and even though the results show an increase in revenue, the effects of the ban have clearly started to kick in.