PublicWire | Emerging Market Stock News
  •  Home
  • Technology
  • Medical
  • Energy
  • Cannabis
  • Finance
  • Retail
  • General
  • Podcast
  • Videos
  • Services
  •  Home
  • Technology
  • Medical
  • Energy
  • Cannabis
  • Finance
  • Retail
  • General
  • Podcast
  • Videos
  • Services
No Result
View All Result
PublicWire
No Result
View All Result

Home » Technology » Huawei’s Revenue Rose 23% Amid US Row

Image from Open Grid Scheduler / Grid Engine | Flickr| CC CC0 1.0

Image from Open Grid Scheduler / Grid Engine | Flickr| CC CC0 1.0

Huawei’s Revenue Rose 23% Amid US Row

by PublicWire
July 30, 2019
in Technology
Reading Time: 2 mins read
0

In the April-June quarter, Huawei was able to make 221.6 billion yuan (32.2 billion dollars) in revenue. Despite the escalation of the US-China trade war that has affected its business, it still managed to jump up to a 23 percent increase over its previous quarter. For the first six months of revenue for 2019, the net profit margin was at 8.7 percent on a 401.4 billion yuan (58.3 billion dollars).

One hundred eighteen million smartphones was sold by Huawei over the first half of the year – which would fall around 59 million in each quarter – constitute to a 24 percent year-on-year increase. Huawei’s consumer business was also able to reach 220.8 billion yuan ( 32.1 billion dollars) for the same period, making a total of 55 percent of the company’s total sales.

Chairman Liang Hua said in a statement: “revenue grew fast up through May.”

“Given the foundation, we laid in the first half of the year; we continue to see the growth even after we were added to the entity list. That’s not to say we don’t have difficulties ahead. We do, and they may affect the pace of our growth in the short term. But we will stay the course.” she further added.

The quarterly report in April was the first-ever information to be released by Huawei publicly, and the company is releasing more information than they ever have.

Despite the downfall on the market ranging around 6 percent, Huawei was still able to grow 31 percent year-on-year to get a 38 percent share at home. At the expense of all Huawei’s major competitors- Xiaomi, Vivo, Oppo, and Apple – which all experienced a double-digit drop, reports show that China accounted for 64 percent of Huawei’s shipments, marked as the highest proportion since 2013.

Previous Post

Blockchain, Bitcoin’s Biggest Wallet, Launched Its First Crypto Exchange Platform

Next Post

New York’s Pot Decriminalization Not Enough, Says Activists

PublicWire

At PublicWire, we know the vast majority of all investors conduct their due diligence and get their news online in a variety of ways including email, social media, financial websites, text messages, RSS feeds and audio/video podcasts. PublicWire’s financial communications program is uniquely positioned to reach these investors throughout the U.S. and Canada as well as on a global scale.

Related Posts

Technology

Apple taps TSMC’s latest tech and BYD races into Japan

September 15, 2022
0
Technology

Fortress China: Xi Jinping’s plan for economic independence

September 15, 2022
0
Technology

Patreon: fight for talent makes creator economy more costly

September 15, 2022
0
Technology

Wall Street shudders after seeing US inflation data

September 14, 2022
0
Technology

After the tech sell-off: will growth investors keep the faith?

September 14, 2022
0
Technology

UK university develops device to restore sense of touch to stroke patients

September 14, 2022
0
Next Post
"Truck full of Cannabis" by swanksalot is licensed under CC BY-NC-SA 2.0

New York's Pot Decriminalization Not Enough, Says Activists

Please login to join discussion

Subscribe To Our Newsletter

Loading
Ad
PublicWire | Emerging Market Stock News 24/7 | Investor Relations US Stock Market

© Copyright 2022 publicwire.com

Navigate Site

  • About
  • Contact Us
  • Disclaimer
  • Watch LIVE
  • Privacy Policy
  • Terms and Services
  • Contributors

Follow Us

No Result
View All Result
  • LIVE Investor News Channel
  • Cannabis
  • Energy
  • Finance
  • General
  • Medical
  • Podcasts
  • Retail
  • Technology
  • Videos

© Copyright 2022 publicwire.com

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.