Huawei says its first-half revenue jumped 23.2% despite political headwinds

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Huawei says its first-half revenue jumped 23.2% despite political headwinds
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China's Huawei said its total revenue came in at 401.3 billion yuan ($58.26 billion) and its net profit margin for the period was 8.7%.

"Revenue grew fast up through May," Huawei Chairman Liang Hua said in a statement. "Given the foundation we laid in the first half of the year, we continue to see growth even after we were added to the entity list. That's not to say we don't have difficulties ahead. We do, and they may affect the pace of our growth in the short term."that the U.S. government had launched "precise 'strikes' against us, with each 'strike' hitting our vital parts.

Huawei said it shipped 118 million units of smartphone for the first half of 2019, resulting in a 24% on-year jump. That figure includes its Honor-branded phones,

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