Huawei posts Q1 revenues, sees 39% YoY growth

Despite the budding trade war between the United States and China, Huawei seems to be in top shape heading into 2019. The company's fir...

Despite the budding trade war between the United States and China, Huawei seems to be in top shape heading into 2019. The company's first-quarter report shows it generated a total of CNY 179.7 billion ($26.81 billion) in revenue which translates to a 39% year-on-year (YoY) growth. Net profit margins also peaked at 8%, mildly better than last year's results for the same period. Rotating chairman Guo Ping stated that the three main goals for 2019 are improving the consumer, carrier and enterprise solutions with expectations for double-digit growth in each category. Huawei claims it...

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