Huawei's revenue in the first three quarters of 2019 increased by 24.4%

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      China's technology giant Huawei Technology Co., Ltd. said revenue in the first three quarters of 2019 increased 24.4% year-on-year to 61.8 billion yuan ($86 billion).
Huawei said in a statement that in the first three quarters of 2019, the number of smartphone shipments exceeded 185 million, an increase of 26% year on year. The statement did not provide data for the third quarter. Huawei said in August that while the impact of U.S. trade restrictions was smaller than initially feared, it could still drag down revenue in its smartphone division by about $10 billion this year.
Huawei is the world's largest telecom network equipment manufacturer and the second largest smartphone manufacturer.
Huawei announced in July that its revenue in the first half of the year grew 23.2% year on year.


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