Converge Digest

Huawei cites 24% annual growth rate, sixty 5G contracts, strong smartphone sales

Huawei announced CNY610.8 billion (US$85.676 billion) in revenue for the first 9 months of 2019, an increase of 24.4% year-on-year.

The company said its net profit margin in this period was 8.7%.

In a series of announcements from its headquarters in Shenzhen and corporate events in Europe, Huawei described its 5G business as robust,saying the company continues “to boost the efficiency and quality of its operations.” Huawei states that increased operational and organizational stability has solidified the company’s performance in the first three quarters of 2019.

 Some highlight from the Huawei announcements:

Speaking at Huawei’s 10th annual Global Mobile Broadband Forum 2019 in Switzerland, Ryan Ding, Huawei Executive Director of the Board and President of Carrier BG, said Huawei has large-scale 5G rollouts underway worldwide.

Some key points from the speech:

At the end of his speech, Ding told the attendees that “the best way to predict the future is to create it” and called upon carriers, regulators, vertical industry players, equipment vendors, and systems integrators to work together to build a thriving 5G industry.

http://www.bizconfstreaming.cn/webcast/huawei20191006.html

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