Huawei's third-quarter revenue jumps 27% as smartphone sales surge
SHENZHEN, China/SHANGHAI (Reuters) - Huawei Technologies Co Ltd’s third-quarter revenue jumped 27%, driven by a surge in shipments of smartphones launched before a trade blacklisting by the United States expected to hammer its business.
Huawei, the world’s biggest maker of telecom network equipment and the No. 2 manufacturer of smartphones, was all but banned by the United States in May from doing business with American companies, significantly disrupting its ability to source key parts.