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Boost for Huawei revenues thanks to smartphone sales

Boost for Huawei revenues thanks to smartphone sales
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Sales of smartphones have helped drive a rise in revenues for Huawei. The Chinese telecoms giant has reported a 30 percent rise for the first six months of the year.

The boost in smartphone sales and growth in other business areas saw revenues climb to 175.9 billion yuan – around 20 billion euros. It did not disclose its profit but said its operating margin grew by 18 percent in the six month period.

According to research the company is the third biggest smartphone seller in China and one of the world’s largest telecoms equipment makers.

Huawei has come under scrutiny in the US because of its alleged close ties with the Chinese government.

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