Huawei's Rotating Chairman Eric Xu estimates the company's 2019 revenue grew 18% YoY to $122B, says it shipped 240M smartphones, but forecasts “difficult” 2020
SHANGHAI (Reuters) - Huawei Technologies on Tuesday said its full-year revenue would likely jump 18% in 2019 to 850 billion yuan …
Related Coverage
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Discussion
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@jchengwsj
Jonathan Cheng
on x
The Trump administration's anti-Huawei campaign didn't stop the Chinese telco equipment company from notching up record sales in 2019, though the pace of growth was slower than Huawei had hoped for. “It's going to be a difficult year for us.” @DanStrumpf https://www.wsj.com/...
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@danwwang
Dan Wang
on x
I gave a comment in this piece by @YuanfenYang on Huawei's surprising success, which I think comes down to two things: It has stripped out US components with remarkable speed; and the entity list is fairly porous. But it's not out of the woods yet. https://www.ft.com/...
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@reutersbiz
@reutersbiz
on x
Huawei said its full-year revenue would likely jump 18% in 2019, lower than its earlier projections as a U.S. trade blacklisting curbed growth and disrupted its ability to source key parts. More here: https://www.reuters.com/... https://twitter.com/...
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@yuanfenyang
Yuan Yang
on x
Today's front page @FT. What strikes me is that this year's US export sanctions on Chinese tech companies have proven surprisingly weak. Huawei's revenues have grown in line with pre-ban rates, and Hikvision's stock is closing the year high. https://www.ft.com/...