×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: APFN | AS | China | Huawei

Huawei Says Sales up 23% This Year Despite US Controls

Tuesday, 30 July 2019 04:37 AM

BEIJING (AP) — Chinese tech giant Huawei says its global sales rose by double digits in the first half of this year despite being placed on a U.S. security blacklist but said it will face tougher conditions.

The company said Tuesday that sales in the six months ending in June rose 23.2% over a year earlier to 401.3 billion yuan ($58.3 billion).

That was up from 2018's full-year growth rate of 19.5%. The company's chairman, Liang Hua, said sales have suffered "some impact" since the Trump administration imposed curbs in May on sales of U.S. technology to Huawei but he gave no details.

Liang said Huawei has avoided disruptions in production and sales but added "we still face difficulties ahead" in the second half of the year.

© Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
Chinese tech giant Huawei says its global sales rose by double digits in the first half of this year despite being placed on a U.S. security blacklist but said it will face tougher conditions.The company said Tuesday that sales in the six months ending in June rose 23.2%...
APFN,AS,China,Huawei
126
2019-37-30
Tuesday, 30 July 2019 04:37 AM
Newsmax Media, Inc.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved