HUAWEI, the Chinese technology giant has released its business report for Q3 of 2019 and it shows that, despite the US ban, the company is doing really well. The company has reported CNY 610.8 billion (USD 86.05 Billion) in revenue, which is an increase of 24.4% year-on-year. HUAWEI also reported that its smartphone shipments in the first three quarters of 2019 exceeded 185 million units, representing increase of 26% compared to the same period last year. The company’s net profit margin was 8.7% during the quarter. Continue reading “HUAWEI reports strong growth in Q3 2019 despite US ban”