Reuters reports that Huawei’s first quarter revenues for the year 2019 have grown 39 percent to 179.7 billion yuan, which translates roughly to $26.81 billion. While the company didn’t make its actual net profit figures public, it said that its net profit margin was approximately 8 percent for the quarter.

These figures show that we are still growing, not declining — Ren Zhengfei

While Huawei is still fighting Washington over allegations of national security which got the Chinese company banned in the United States, Huawei maintains its strong position on the smartphone market, being the second largest manufacturer.

Despite the U.S. efforts, Huawei managed to sign 40 commercial 5G contracts with carriers worldwide. It also shipped more than 70,000 5G base stations, and is expecting this number to grow to 100,000 by May.




Anton is the Editor-in-Chief of Pocketnow. As publication leader, he aims to bring Pocketnow even closer to you. His vision is mainly focused on, and oriented towards, the audience. Anton’s ambition, adopted by the entire team, is to transform Pocketnow into a reference media outlet.

Contact: [email protected]

You May Also Like
Apple’s latest 16-inch MacBook Pro, Microsoft Surface laptops and more are also on sale
We keep getting awesome discounts from Amazon, where we find the latest16-inch MacBook Pro, LG Smart TVs and more on sale
OPPO Find X3 Pro cover
OPPO Find X3 Pro leaked images show a design that’s…different
OPPO recently announced that it will be launching its Find X3 series…
Samsung Galaxy S21 Ultra
What storage size do you need for the Galaxy S21?
Want to get Samsung’s new flagships, but can’t figure out the storage variant? We’ll assist you pick the right Galaxy S21 storage size.