October 16 - 09:10
Huawei's revenue rises 24.4% despite U.S. sanctions
Huawei's revenue rose 24.4% in the first three quarters of 2019 to $86 billion, despite being blacklisted by the US. The company stated that the impact of the sanctions were less than originally feared, but could still sting its smartphone division for around $10 billion. Huawei is currently the world's largest manufacturing of telecom network equipment and the second largest smartphone maker.
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