Huawei Technologies has reported a 30% increase in its H1 2019 revenue. This is when compared to a similar period in 2018.
The performance of the company is quite remarkable considering the impact that the US ban had on the company.
The company had to cut its ties to some of its critical software and supply chain partners and this has a negative impact on its bottom line.
The H1 2019 performance of the company could have been much better as the company had projected that it will by the end 2019 become the largest smartphone vendor in the world.
The US eased a bit on the ban a couple of weeks ago and it is likely that Huawei will resume trading with US companies soon. If this does happen, the company will most certainly achieve its ambitious objective of shipping 270 million smartphones in 2019.
Kevin is a tech enthusiast and the lead writer at MobiTrends.co.ke. He has been writing about smartphones and tech related topics since October 2012. About Us | Contact Us
