Economics
Huawei Defies U.S. Ban With Strong Growth in Smartphone Sales
- Global smartphone sales up 26% y-o-y in Jan.-Sept. period
- The biggest impact of the sanctions has yet to be felt
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Huawei Technologies Co.’s revenue jumped 24% in 2019’s first nine months, defying Trump administration sanctions to sustain growth in its pivotal smartphone business.
China’s largest technology company reported revenue of 610.8 billion yuan ($86.1 billion) in the January to September period. Global smartphone shipments jumped 26% in the first three quarters to over 185 million units, helping safeguard its position as the world’s second largest name in mobile devices.