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Huawei revenue spurred by smartphone sales before US bans
- Thursday | 17th October, 2019
Its newest Mate 30 smartphone – which lacks access to a licensed version of Google’s Android operating system – started sales last month. Huawei in August said the curbs would hurt less than initially feared, but could still push its smartphone unit’s revenue lower by about $10 billion (7.84 billion pounds) this year. Revenue in the quarter ended Sept. 30 rose to 165.29 billion yuan ($23.28 billion) according to Reuters calculations based on previous statements from Huawei. Based on the company’s previous statements and estimates from market research firm Strategy Analytics, that indicates a 29% surge in third-quarter smartphone shipments. Huawei did not break out figures for the second quarter either, but has said revenue rose 23.2% in the first half of the year.
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