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Huawei’s Revenue Rises Despite U.S. Pressure

By
Wayne Ma
· · Source: The Wall Street Journal

Huawei’s revenue rose 18% to a record $122 billion, while its smartphone shipments rose 17% to 240 million in 2019, the Wall Street Journal reported, citing an internal memo written by the company’s chairman. Still, Huawei grew slower than expected in 2019 and will face greater challenges in 2020 because of U.S. sanctions, Huawei chairman Eric Xu said, according to the memo. Huawei doesn’t...

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