Huawei revenue continues to rise despite USA opposition

Huawei Logo

Huawei Logo

The Chinese telecommunications company generated 179.7 billion Chinese Yuan (around $26.7 billion in U.S. currency) in revenue during the first quarter, which represents a 39 percent year-over-year increase, resulting in an 8 percent jump in profits (slightly higher than last year).

It gave no earnings in its first ever quarterly results but said profit margin was "slightly higher" than a year ago at 8pc.

However, the firm failed to disclose its actual net profit.

However, some Western nations have barred it amid fears Beijing could gain access to sensitive communications and critical infrastructure but Huawei denies all these accusations.

On April 22, 2019, Huawei announced its business results for the first quarter of 2019. The company added that it was also able to ship 3 million base stations around the world with hardware support for the 5G technology.

Huawei's founder defended the company during the MWC 2019 after citing that some of its innovations are unique to the corporation, hence its upper hand in the 5G business.

Rep. Rashida Tlaib renews calls for impeachment, but Democratic leadership hesitates
"I have issued a subpoena to the Department of Justice for the full version of the Mueller report and the underlying evidence". The kind of information that has been customarily provided in the past and to which the judiciary committee is entitled.

Chinese tech company Huawei has been on America's radar for some time, and not in a good way. In fact, in Q1, the company says it shipped a massive 59 million smartphone units.

The U.S. has long feared that Huawei's equipment could be used for spying, and these new allegations come at a time where trade tensions are very high between the United States and China.

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 USA campaign. According to Strategy Analytics, Huawei shipped 39.3 million smartphones in the first quarter of a year ago.

Huawei is aiming to overtake Apple in phone shipments this year and may close the gap with market leader Samsung by year-end, reports said.

China's Huawei presents 5G devices at Mobile World Congress (MWC 2019) in Barcelona, Spain, Feb. 26, 2019.

The next wave of telecoms technologies and competition will be based on how fast carriers will launch 5G, and Huawei appears to be ahead of the curve. It has filed a lawsuit earlier this year, challenging a USA law that has banned federal agencies from purchasing its products.

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