Huawei reports net profit of $9B for 2019, up 5.65% YoY, its slowest growth since 2016, on revenue of $123B, up 19.1% YoY, says it's impacted by US blacklist
- Huawei reported revenue of around 858.8 billion yuan or $123 billion for 2019, in line with its target at the start of last year.
BREAKING: #Huawei says US blacklisting led to $12 billion revenue shortfall in 2019. I caught up with rotating chairman Eric Xu, who told me the consumer division “was hurt the most.” Full details here: https://www.cnbc.com/...
Huawei hasn't been able to get licensed Google Android since it was put on the US blacklist last May. Since then, it has continuously said it wants Google back. Now it's got a new idea - get Google apps in its own app store https://www.cnbc.com/...