October 16, 2019 / 6:32 AM / a month ago

Huawei's Q3 revenue rises 24.4% - Global Times

Oct 16 (Reuters) - Third-quarter revenue for Huawei Technologies Co Ltd, the Chinese technology giant blacklisted by the U.S. government, grew 24.4% from the same period a year earlier, according to the Global Times.

The state-backed newspaper also said Huawei shipped more than 185 million smartphones in the first three quarters of 2019, up 26% year-on-year.

The company said in August that while the impact of U.S. trade restrictions will be less than initially feared, the curbs could push its smartphone unit's revenue lower by about $10 billion this year.

Huawei is the world's biggest maker of telecom network equipment and the second-largest smartphone maker.

$1 = 7.0960 Chinese yuan Reporting by David Kirton in Shenzhen; Writing by Sayantani Ghosh; Editing by Edwina Gibbs

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