Huawei sees faster revenue growth in first three quarters of 2019 despite US ban

Source:Global Times Published: 2019/10/16 17:02:54

A 5G sign displayed at the entrance to MBBF19 at the Messe Zürich exhibition center. Photo: Chen Qingqing/GT

Huawei shipped more than 185 million smartphones in the first three quarters of 2019, up 26 percent year-on-year, despite the US ban hurting on its ties with US suppliers. 

The Chinese tech giant Huawei recorded revenue growth of 24.4 percent for the first three quarters of 2019 posting total revenue for the period of 610.8 billion yuan ($86.2 billion), 

resisting the US crackdown, especially the ban which affected its cooperation with major US suppliers such as Google and Intel. 

As the commercial deployment of 5G networks around the world has sped up, Huawei has signed more than 60 commercial contracts for 5G with global carriers and shipped more than 400,000 5G base stations to global markets, the company said in a financial report released Wednesday. 

Meanwhile, it said its mobile ecosystem has developed rapidly, attracting 1.07 million registered developers worldwide.

After the US put Huawei onto its Entity List, which partially banned Google from supplying  Android services to Huawei, the Chinese firm released its self-developed operating system HarmonyOS in August as a plan B to deal with the barriers to supply. 

The company is expected to debut the smartphone version of HarmonyOS on its flagship P40 smartphone, which is expected to be launched in early 2020.  

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