Technology

Huawei reports ‘solid business’ as smartphones drive group sales to US$121 billion, although ‘complicated’ external situation clouds outlook




Huawei Technologies said revenue grew 19.1 per cent year on year to a record 858.8 billion yuan (US$121 billion) in 2019, driven by strong growth in its consumer business segment despite efforts by the Trump Administration to curtail operations of the world’s largest telecommunications equipment vendor.“Despite enormous outside pressure … Business remains solid,” Eric Xu, Huawei’s rotating chairman, said in a statement on Tuesday, adding that the “external environment will only get more…



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