This archive report was first published on 17 October 2019.
Chinese tech giant Huawei has defied US pressure, reporting a significant revenue growth of 24.4 percent for the first nine months of 2019, despite being under intense scrutiny globally.
According to a statement released by the company, Huawei's revenue for the period reached 610.8 billion yuan ($86.2 billion), with its profit margin increasing by 8.7 percent.
As the world's leading supplier of telecoms networking equipment and the number-two global smartphone vendor, Huawei has been under pressure this year due to US officials lobbying allies worldwide to avoid the company's telecom gear over security concerns.
However, the company has maintained its focus on information and communications technology infrastructure and smart devices, and continued to boost the efficiency and quality of its operations, as stated in a company statement.
"Huawei has maintained its focus on (information and communications technology) infrastructure and smart devices, and continued to boost the efficiency and quality of its operations," the statement said.
"This contributed to increased operational and organisational stability and solidified the company's performance in the first three quarters of 2019."
Huawei has maintained its focus on (information and communications technology) infrastructure and smart devices, and continued to boost the efficiency and quality of its operations," a company statement said. Despite the US blacklist, which could prevent Huawei from getting hold of key hardware and software, including smartphone chips, and exclude it from the Google Android operating system, the company has reported little impact on smartphone sales so far this year. According to Huawei, shipments in the first three quarters surpassed 185 million units, up 26 percent year-on-year. However, analysts say it will be hugely difficult for any new operating system to compete against phones that have Android or its rival, Apple's iOS system. As Huawei prepares for a potential exclusion from the Google Android operating system, the company has already revealed HarmonyOS, its alternative operating system for phones and other smart devices.
