Huawei sees an increase in sales despite of the US sanctions

2019 has been a rough year for Huawei and the company has been struggling with legal issues after the US government enforced sanctions on the company. This resulted in an immediate ban on Huawei’s equipment and smartphones in some countries.

This, however, didn’t stop Huawei from exceeding the expectations. According to the latest report, Huawei’s third-quarter revenue is up by 24.4% YoY and the company has shipped more 185 million smartphones in the first three quarters of 2019 which is 26% more than last year. Earlier this year, Huawei’s founder Ren Zhengfei admitted that they underestimated the ban and the company will see a drop in revenue. However, the company did see a surge in sales following the ban and IDC noted that it might be due to people actually supporting the company as they are through the trade war.

Huawei also confirmed that the company has signed 60 contracts with companies around the world to deploy a 5G network. The company, however, noted that the company is being cautious at the moment.

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