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Sales jumped to more than $58 billion in the first six months of this year, boosted by growth in the Chinese tech firm's smartphone business and an uptick in 5G network contracts, it said Tuesday.The Shenzhen-based company said that revenue for the first half of 2019 soared by about 23% compared to the same period last year. Huawei sells more telecommunications equipment than any other company in the world, and is a leading smartphone brand that competes with the likes of Samsung and Apple .
Chinese officials suspect FedEx held back over 100 Huawei packagesRead MoreDespite the US restrictions, Huawei chairman Liang Hua said Tuesday that operations are smooth."Our core products have not been significantly affected," Liang told reporters in Shenzhen on Tuesday. The trade blacklist"has had some impact on our development, but the scope and extent of the impact is controllable," he added.
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