Huawei reports financial results for the first quarter of 2019 - NirokaTech

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Monday, April 22, 2019

Huawei reports financial results for the first quarter of 2019



With increasing US pressure, Huawei today announced its first quarterly results for the first quarter of the year, ending in March, with a 39% jump in revenue over the same period last year.

The company was able to increase revenue to $ 26.81 billion, which of course had a direct impact on net profit not disclosed by the company but announced that net profit rose 8% over the same period last year.

Despite the US media campaign on the company for the fifth generation networks specifically, the company announced that it has been able to sign 40 contract for the supply of 5G networks, already shipped 70 thousand stations and expects to end the shipment of 100 thousand stations by the end of May.

In terms of phones, the company said it shipped 59 million phones in the first quarter of 2019, a figure even higher than the first quarter of 2018 (39.3 million phones).

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