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July 23 - 12:07
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Huawei increases revenues by 30% despite US ban
Huawei has managed a 30% jump in revenues despite its export restrictions in the United States. Bloomberg is reporting that it secured critical supplies in order to keep its production going, in turn keeping revenues up. The majority of its contracts have been for 5G networking equipment. The 30% growth in revenues is, however, down on the 39% achieved over the first three months of 2019.
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