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October 16, 2019: “ Huawei announced on Tuesday its revenue hit 611 billion yuan, approximately $86 billion, for the third quarter, a jump of 24.4% over the sa
by igravious 7y ago
October 16, 2019:
“
Huawei announced on Tuesday its revenue hit 611 billion yuan, approximately $86 billion, for the third quarter, a jump of 24.4% over the same period last year.
In a statement short on numbers, the company also said its net profit margin for the period was 8.7%.
The company added its smartphone business had shipped 185 million units over the three quarters for the year to date, an increase of 26% year on year.
On 5G, the company said it had signed 60 commercial contracts and shipped over 400,000 5G Massive MIMO antennas.
”
https://www.zdnet.com/article/huawei-revenue-up-by-almost-one-quarter-for-third-quarter/ https://www.zdnet.com/article/huawei-revenue-up-by-almost-on...
- criddell 7y agoDo you know what accounting standards those numbers are based on? I suspect they could run large losses for a long time because their value to China isn't entirely contained in their P&L statement.