Moneycontrol Be a Pro
Get App
you are here: HomeNewsWorld
Last Updated : Oct 16, 2019 12:22 PM IST | Source: Reuters

Huawei's third-quarter revenue rises 24.4%: Report

Huawei is the world's biggest maker of telecom network equipment and the second-largest smartphone maker.

Third-quarter revenue for Huawei Technologies Co Ltd, the Chinese technology giant blacklisted by the US government, grew 24.4% from the same period a year earlier, according to the Global Times.

The state-backed newspaper also said Huawei shipped more than 185 million smartphones in the first three quarters of 2019, up 26% year-on-year.

The company said in August that while the impact of US trade restrictions will be less than initially feared, the curbs could push its smartphone unit's revenue lower by about $10 billion this year.

Close
Huawei is the world's biggest maker of telecom network equipment and the second-largest smartphone maker.

Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
First Published on Oct 16, 2019 12:16 pm
Loading...
Sections
Follow us on
Available On