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Huawei Technologies first half revenues rise 23pc to US$58.3 billion

SHENZHEN's Huawei Technologies said revenue rose sharply in the first half of the year despite a US export blacklisting, but the telecommunications giant signalled tougher times ahead as it copes with uncertainty around its access to US technology, reports the Wall Street Journal

Huawei Technologies first half revenues rise 23pc to US$58.3 billion

SHENZHEN's Huawei Technologies said revenue rose sharply in the first half of the year despite a US export blacklisting, but the telecommunications giant signalled tougher times ahead as it copes with uncertainty around its access to US technology, reports the Wall Street Journal

05 August 2019 - 19:00

SHENZHEN's Huawei Technologies said revenue rose sharply in the first half of the year despite a US export blacklisting, but the telecommunications giant signalled tougher times ahead as it copes with uncertainty around its access to US technology, reports the Wall Street Journal.

The company said year-on-year first half revenue rose 23 per cent to CNY401.3 billion (US$58.3 billion). But Huawei said it face obstacles to securing certain crucial technology. The company and sees challenges ahead for its once-booming consumer products operation, including its popular smartphone business, it said.


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