Huawei revenue growth slows to 13.1% in first half of 2020 amid US pressure

Topics Huawei | United States | Huawei ban


Huawei Technologies Co Ltd, the telecoms firm and No.2 smartphone maker, on Monday reported a 13.1% rise in revenue in the first half of the year, showing slower growth as US officials continue to pressure the company's suppliers and customers.   Revenue rose 13.1% to 454 billion yuan ($64.90 billion) in the first half of the year, compared to 401.

3 billion yuan the year before. However, the company's growth rate was down from 23.2% in the first half 2019. Huawei said net profit margins were 9.2%, up from 8.7% in the first.

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