Huawei Sales Rises 16% on Strong Demand for Its Phones and Chips
- The firm’s phone shipments grew 42% in the past quarter
- China has asked local firms to use AI chips from Huawei
An advertisement for the Huawei P60 series smartphone.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Huawei Technologies Co.’s revenue grew for the seventh straight quarter after its smartphones enjoyed sustained demand in China at Apple Inc.’s expense.
The Shenzhen-based telecommunications giant posted sales of 168.4 billion yuan ($23.7 billion) in the September quarter, up 15.6% from a year earlier, according to calculations based on its parent’s nine-month financial figures posted on the Shanghai Clearing House’s website. The filing did not offer a breakdown on contributions from different business units.