Indiaherald Group of Publishers P LIMITED

X
close save
crop image
x
Wed, Oct 16, 2019 | Last Updated 11:32 pm IST

Menu &Sections

Search

Huawei Technologies first-quarter revenue jumped 39% to 179.7 billion yuan

Huawei Technologies first-quarter revenue jumped 39% to 179.7 billion yuan
Huawei Technologies first-quarter revenue jumped 39% to 179.7 billion yuan
http://apherald-nkywabj.stackpathdns.com/images/appleiconAPH72x72.png apherald.com

Accordingly the Shenzhen-based firm, the world’s biggest telecoms equipment maker, also said its net profit margin was around 8 percent for the quarter, which it added was slightly higher than the same period last year. Huawei did not disclose its actual net profit. Meanwhile, the limited results announcement comes at a time when Washington has intensified a campaign against unlisted Huawei, alleging its equipment could be used for espionage and urging U.S. allies to ban it from building next-generation 5G mobile networks.

Huawei Technologies first-quarter revenue jumped 39% to 179.7 billion yuan


Furthermore, Huawei has repeatedly denied the allegations and launched an unprecedented media blitz by opening up its campus to journalists and making its typically low-key founder, Ren Zhengfei, available for media interviews.


Moreover the Chinese firm, which is also the world’s No. 3 smartphone maker, said last week the number of contracts it has won to provide 5G telecoms gear increased further despite the U.S. campaign. Apparently, Huawei also said on Monday it had shipped 59 million smartphones in the first quarter. It did not disclose year-ago comparable figures, but according to market research firm Strategy Analytics, Huawei shipped 39.3 million smartphones in the first quarter of 2018.


Huawei Technologies first-quarter revenue jumped 39% to 179.7 billion yuan
5/ 5 - (1 votes)
Add To Favourite
More from author
US President Donald Trump's daughter Tiffany celebrated her 26th birthday
Recruitment drive for a Territorial Army Battalion in Srinagar received overwhelming response
Kapil Sibal said PM Modi should "attend to work" and have less "photo ops"
Why RBI did not print single Rs.2000 note this financial year?
Will India adopt 5G by 2025?
Is TN State Govt owned Milk Cooperative Aavin is under scam?
P Chidambaram is under interrogation in Tihar Jail today
BSNL Chairman assures Salary before Diwali
Kala, an excellent choreographer and dancer inspires many women
BJP released its manifesto for upcoming Maharashtra polls
People who smoke will have lung damage
PM Modi accused opposition parties of politicizing the issue of Article 370
Baking Soda as beauty product for your face
P Chidambaram says GST is main cause of economic slow down
Miraculous benefits of eating foods in Banana Leaf
If BJP wants to reinvigorate economy, abolish Personal Income Tax
Importance of Diwali in India
2 Indian Iconic Cricketers makes their Kollywood debut
NASA manages to locate Chandrayaan 2's Vikram Lander for the Second time
Penalty imposed on SB & LVB for non-compliance with RBIs directions on Frauds classification
Sourav Ganguly hopes to bring the BCCI system 'back in order'
Will justice be delivered to RTC Employees & People of Telangana?
About the author

Nanotechnology Degree Holder. Movie Geek. Crazy about comics and cartoons. Hardcore Cricket Lover. Photoshop Professional