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Huawei smartphone sales up 24 percent despite US crackdown

July 30, 2019

Via: The Verge

Huawei made 221.6 billion yuan ($32.2 billion) in revenue in the April-June quarter, a 23 percent increase over the previous quarter despite the escalation of the US-China trade war cutting off its business with American companies. Net profit margin was 8.7 percent on 401.3 billion yuan ($58.3 billion) of revenue for the first six months of 2019.

Huawei sold 118 million smartphones in the first half of the year — 59 million in each quarter — representing a 24 percent year-on-year increase. Huawei’s consumer business reached 220.8 billion yuan ($32.1 billion) in revenue for the same period, making up 55 percent of the company’s total sales.

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