25, Jul, 2019
Huawei reports double-digit revenue gains in H1 2019 despite US ban
Despite the rocky end of the first half of 2019 for Huawei, the company was still able to post much better revenues than the same period of last year. Numbers would have certainly been better had it not been for the US restrictions but even so they are quite promising.
Huawei recorded 30% increase in revenue over the course of the first half of 2019. The increase stood at 39% for the first quarter but then things went south in May and June. The accelerated 5G deployment helped the company maintain growth with 50 commercial contracts.
So now with the US government and Huawei close to resolving the issue, the Chinese company should be able to continue its operations and the pursuit of the number 1 smartphone maker spot globally.