Huawei says it shipped 59M smartphones in Q1 as revenue jumped 39% to $27B

Fresh from an $8.8 billion profit last year, much-maligned Chinese tech giant Huawei is touting yet more growth. The firm said today that revenue in the first quarter of 2019 grew 39 percent year-on-year to reach $26.78 billion, or 179.7 billion CNY. The company claims it is owned by its employees — although a recent […]


22 Apr, 2019TECHCRUNCH.COM

BEAM - Huawei says it shipped 59M smartphones in Q1 as revenue jumped 39% to $27B | BEAM

Fresh from an $8.8 billion profit last year, much-maligned Chinese tech giant Huawei is touting yet more growth. The firm said today that revenue in the first quarter of 2019 grew 39 percent year-on-year to reach $26.78 billion, or 179.7 billion CNY.

The company claims it is owned by its employees — although a recent academic paper challenged that. While it isn’t listed publicly, it declares yearly business figures which are audited by KPMG and now, for the first time, it has given out quarterly numbers. These appear unaudited and they are certainly provided selectively....

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