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.
Huawei ekes out Q3 revenue growth
FE Team | Published: October 25, 2020 22:29:30
Huawei ekes out Q3 revenue growth
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