Huawei Technologies, the world’s largest telecoms equipment vendor and a top 3 smartphone brand, said it registered strong growth in all business segments in the first three months of 2019, indicating resilience in the face of US pressure to curtail its participation in the roll out of global 5G network infrastructure, said the South China Morning Post.
Huawei generated revenue of RMB 179.7 billion ($26.8 billion), an increase of 39% year-on-year. The company’s net profit margin in the first quarter was about 8%, slightly higher than the same period last year, according to Huawei in its first quarterly release of business results ever.
In Q1 2019, Huawei also said it shipped 59 million smartphones. No revenue figures for specific business segments were announced.