Huawei ekes out Q3 revenue growth

SHANGHAI, Oct 25 (Arab News): Huawei Technologies eked out a gain in third-quarter revenue as the impact of the Covid-19 pandemic added to supply-chain difficulties brought about by US restrictions on doing business with the Chinese firm.

The figure comes a day after the telecommunications equipment maker announced its latest flagship smartphone, potentially its last in the high-end Android segment most dependent on US technology.

It also comes after Sweden became the latest nation to ban Huawei from its fifth-generation (5G) network infrastructure, following US suspicion of Huawei's relationship with China's communist government - which Huawei has dismissed.

Hinting at an end to at least four years of double-digit growth, revenue grew 9.9 per cent in January-September versus the same period a year earlier to 671.3 billion yuan ($100.4 billion), the private company said.