Huawei Sales Rebound Despite U.S. Efforts to Halt Gear Deals
- Maker of telecom gear overcomes drag on sales from virus
- U.K. National Security Council to decide Huawei’s fate Tuesday
Photographer: Chris Ratcliffe/Bloomberg
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Huawei Technologies Co. said sales grew even as the company faces restrictions from a number of countries on the use of its telecommunications equipment.
Revenue increased 13% to 454 billion yuan ($65 billion) in the first six months of 2020 after barely growing in the first quarter, the Shenzhen-based company said in an e-mailed statement on Monday. Huawei’s growth had evaporated in the first three months of the year amid a relentless U.S. campaign against the maker of networking equipment and as the Covid-19 pandemic decimated smartphone sales.