Top
image credit: Open Grid Scheduler / Flickr

Huawei revenue for the first quarter of 2019 grows 39 percent

April 22, 2019

Category:

Reuters reports that Huawei’s first quarter revenues for the year 2019 have grown 39 percent to 179.7 billion yuan, which translates roughly to $26.81 billion. While the company didn’t make its actual net profit figures public, it said that its net profit margin was approximately 8 percent for the quarter.

These figures show that we are still growing, not declining — Ren Zhengfei

While Huawei is still fighting Washington over allegations of national security which got the Chinese company banned in the United States, Huawei maintains its strong position on the smartphone market, being the second largest manufacturer.

Read More on Pocket Now