Huawei Q1 Revenues Soar Despite U.S. Efforts -- It Now Has Samsung In Its Sights [Forbes]
IHS Markit Ltd. Common Shares (INFO)
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Source: Forbes
Huawei Q1 Revenues Soar Despite U.S. Efforts -- It Now Has Samsung In Its Sights Getty Huawei was outed this week by CIA intelligence funding from branches of Beijing’s state security apparatus... American intelligence shown to Britain says that Huawei has taken money from the People’s Liberation Army, China’s National Security Commission and a third branch of the Chinese state intelligence network." But that hasn't disrupted the company's unstoppable growth. On Monday, the company announced results for 2018 evenues up 19.5% and profits up 25%. 5G and smartphones both strong The company's shift from equipment to devices continued, as Huawei shipped 59 million smartphones in Q1. "Although we have seen fast growth for Huawei phones in all major markets, the first-quarter growth is still beyond our expectations," said Zaker Li from IHS Markit. "Huawei will overstep Apple in phone shipments this year and get close to market leader Samsung by the end of the year." But it will be 5G that st
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