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

China's Huawei Says 1Q Sales up 39 Percent

Monday, 22 April 2019 12:38 AM

BEIJING (AP) — Chinese tech giant Huawei says its revenue rose 39 percent over a year earlier in the latest quarter despite U.S. pressure on allies to shun its telecom and network technology as a security risk.

Huawei, the biggest global maker of network equipment for phone and internet companies, on Monday reported revenue of 179.7 billion yuan ($26.8 billion) for the first three months of the year.

The company denies U.S. accusations it facilitates Chinese spying.

Washington's pressure on allies to avoid Huawei's next-generation network technology threatens to block access to Europe and other markets as carriers prepare to invest billions of dollars in new equipment.

Huawei is privately held but reports financial results in an effort to defuse Western security concerns.

© 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 This material may not be published, broadcast, rewritten or redistributed.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 revenue rose 39 percent over a year earlier in the latest quarter despite U.S. pressure on allies to shun its telecom and network technology as a security risk.Huawei, the biggest global maker of network equipment for phone and internet...
AS,China,Huawei
122
2019-38-22
Monday, 22 April 2019 12:38 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