Huawei’s 2019 revenue to jump 18 per cent, forecasts ‘difficult’ 2020 GlobeBusiness
The company did not break down fourth-quarter figures but according to Reuters calculations based on its previous statements, revenue in the quarter to end Dec. 31 rose to 239.2 billion yuan , up 3.9% from a year earlier and slower than the 27% increase it reported in the third quarter.
“In the long term, the US government will continue to suppress the development of leading technology – a challenging environment for Huawei to survive and thrive.” The newest Mate 30 smartphone first went on sale in September but it cannot access a licensed version of Google’s Android operating system because of the trade curbs.Xu said in his letter that Huawei would in 2020 “go all out” to build its Huawei Mobile Services ecosystem, which comprises services such as cloud storage and an app gallery, describing it as “the foundation of our ability to sell smart devices in markets outside China.
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