Asia
Huawei Revenue Jumps After Eating Apple’s Market Share in China
- IPhone has fallen from China’s top five in smartphone ranking
- Shenzhen-based company also chasing EV software demand
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Huawei Technologies Co.’s revenue grew for the sixth straight quarter after its smartphones gained market share in China at Apple Inc.’s expense.
The Chinese networking and electronics leader posted a revenue of 239 billion yuan ($33.6 billion) in the June quarter, up 33.7% from a year earlier, according to calculations based on the company’s six-month financial figures.