Wednesday, April 24, 2019

Huawei Reports Rapid Revenue Growth

Despite a barrage of negative publicity, Huawei reported a 39% year-on-year increase in revenue for the first quarter of 2019 to 179.7 billion Chinese yuan (28.8 billion US dollars).  Huawei said it had signed 40 commercial 5G contracts with operators by the end of March 2019, and had shipped more than 70,000 5G base stations, adding 2019 will see "large-scale deployment of 5G around the world".

Huawei also said it shipped 59 million smartphones in the first quarter. Moreover, it claimed to have launched the world's first 5G-enabled Wi-Fi 6 access point, and to have shipped more Wi-Fi 6 products than any other company worldwide. source: Huawei statement

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