Huawei Revenue Jumped by 23%, Despite the US Blacklist

Huawei Revenue Jumped by 23%, Despite the US Blacklist

Huawei has published a financial report for the second quarter of 2019, and despite the US-Chinese trade wars, its earnings were $32.2 billion. Note that this figure is 23% more than in the first quarter of this year. The company’s net profit was 8.7% of revenue.

Huawei sold about 118 million smartphones in the first six months of this year, that is, an average of 59 million devices per quarter, which means, sales grew by about 24% from the same period last year.

“Revenue grew fast up through May,” chairman Liang Hua said in a statement. “Given the foundation we laid in the first half of the year, we continue to see growth even after we were added to the entity list. That’s not to say we don’t have difficulties ahead. We do, and they may affect the pace of our growth in the short term. But we will stay the course.”

Note that in fact, Huawei does not have to publish financial reports, but this year they still decided to show to the world that US sanctions do not interfere with their development.

We want to remind:

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