Huawei’s turnover increased by 24,4%, in the first three quarters of 2019

A FILE PHOTO of A Huawei logo is pictured at the Shenzhen International Airport in Shenzhen, Guangdong province, China, on July 22, 2019. (REUTERS photo/Aly Song, File/Photo

SHENZHEN (Reuters) – Huawei Technologies Co Ltd, the Chinese technology giant that is on the “black list” of the U.S. government, said its revenue grew by 24,4 percent in the first three quarters of 2019 and 610.8 billion yuan ($86 billion).

It ships more than 185 million smartphones in the same period, an increase of 26% year-on-year, a statement said on the company’s business. It does not provide the figures for the third quarter alone.

The company said in August that while the impact of US trade restrictions will be less than initially feared, the pavement was able to push its smartphone unit, sales were lower by about $10 billion this year.

Huawei is the world’s largest maker of telecoms equipment, on the network, and the second-largest smartphone maker.

Huawei has reported a 23.2% increase over the first half of the sales in July.

Report by David Kirton are in Shenzhen, and Brenda Goh in Shanghai; Editing by Edwina Gibbs

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