Sales for Huawei soared to more than $58 billion in the first half of 2019, which could be largely attributed to the expanding smart phone business owned by the Chinese tech giant in addition to a sustained increase in contracts related to 5G technologies.
Revenue wasn't the only thing flying for Huawei-the company sold 118 million smartphones in the first half of 2019-a 24% year-over-year increase. Still, on matters 5G, the company has already shipped over 150,000 base stations to build 5G in different markets around the world.
"In the second half, Huawei's overseas smartphone business will still meet some challenges", Liang said, adding that if Huawei can regain access to the Android operating system, the company will use the system in its smartphones. That's not to say we don't have difficulties ahead.
"But we will stay the course".
The Consumer business arm contributed nearly half of the entire revenue.
The White House later offered a 90-day reprieve for restrictions on conducting business with some U.S. companies as part of confidence-building measures in the run-up to fresh trade talks with China. Huawei, which overtook Apple in total smartphone sales previous year, increased its shipments by 31% during the same period.
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On Wednesday the RCMP announced they would be scaling back the search for Bryer Schmegelsky and Kam McLeod in Northern Manitoba. Shona Camirand with the Ontario Provincial Police in North Bay said social media users are taking things too far.
Huawei is now prohibited from Australia's local 5G network build, however, remains the world's second largest smartphone manufacturer.
It has since been given a 3-month reprieve till August 19, and U.S. President Trump signaled Washington would be relaxing the sanctions on Huawei, though details are unknown. But the US considers it a national security threat, saying it has close ties to the Chinese government and their equipment could be used for spying, a charge Huawei denies.
Today, a report on first-half financial statements was released by Chinese technology giant Huawei.
In June, Huawei founder Ren Zhengfei said worldwide sales of the firm's handsets had sunk 40% in the past month and said the firm expected this to have an impact on annual revenue of up to $30bn (£24.9bn).
Huawei's latest financial news follows a period of uncertainty and disappointment - as mentioned earlier, the firm was put on a United States entity list in May that prevented U.S. firm's from trading with the Chinese OEM.
Last year Huawei broke a record by selling more than 200 million smartphones.