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Huawei’s revenue up 24.4% in first nine months of 2019 despite US sanctions

Huawei said its revenue grew 24.4% in the first nine months of 2019. The Chinese tech giant’s revenues jumped to $86.2 billion, with a profit margin increase of 8.7%. This, despite the US lobbying allies worldwide to avoid the firm’s telecom gear over security concerns, and amid the US-China trade conflict. Mr Jin Shengtao, research analyst at Canalys, was in the studio to give more insights into the latest results, and what are some of Huawei’s business strategies going forward.

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