Revenue of Huawei for the first quarter growing 39%, even with American pressure

The company said Huawei Monday: the revenues in the first quarter jumped 39% to 179.7 billion yuan (26.81 million), in the first quarterly results for the Chinese, it is show that the American pressure increased we have yet to bear fruit.

The company said the city of Shenzhen-based, in the statement: the margin of net profit by approximately 8% during the first three months of 2019, which is slightly higher than the net profit for the same period of 2018. Did not reveal Huawei’s net profit by the actual.

Comes the announcement of the results of the limited at the time of the intensified Washington’s campaign against Huawei is not listed on the stock exchange, alleging that its equipment can be used for, has been urged on more than one occasion the allies of the United States to prevent it from building 5G.

For its part, denied the company Huawei over the allegations and launched a media campaign unprecedented by opening up its headquarters in front of reporters and make its founder, Ren one, is available for interviews with the media.

He said the Chinese company, which is also the third – and for a brief moment; the second – largest smart phone manufacturer in the world, last week the number of contracts won to provide communications equipment fifth generation 5G has increased even under the protection of America.

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By the end of March, Huawei announced that it has signed a 40 contract trade of the fifth generation with the telecom companies, shipping more than 70,000 base stations 5G to markets around the world, expects to reach about 100,000 by May next.

The business of Huawei in networking sector has seen the first decline in revenues over the two years in the year 2018. But the Ren one said in an interview with “CNBC” CNBC America earlier than the current month: if sales of network equipment increased by 15%, while the company’s sales increased consumption by more than 70% in the first quarter.

Said Ju ping, chairman of the board alternately: it is expected to achieve all business groups of the three: consumer, communications companies, institutions, double-digit growth through 2019.

The company said Huawei today Monday, also it’s shipped 59 million smartphones in the first quarter. And unveils the comparable numbers a year ago, but according to market research firm “Strategic Analytics” Strategy Analytics, has shipped Huawei 39.3 million smartphones in the first quarter of 2018.

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