Wednesday, 16 October 2019

Huawei's Q3 results show growing sales despite US ban

Huawei's Q3 earnings report is out and it shows that the company is faring quite well despite the ban by the US government. Combined revenues for the Q1-Q3 period totaled CNY 610.8 billion (around $86 billion) which is up 24.4 % from the same period last year. Jumping to smartphone shipments, the company managed to ship 185 million units through the first three quarters which is a 26% year-over-year increase. Huawei did not explicitly provide data for smartphone shipments in Q3 2019 alone but an estimate suggests the Q3 shipments should come in at around 67 million units. This would...

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