Huawei announced its first quarter 2020 financial report, which revealed the company's steady earnings and revenue of $25.75 billion.
The Chinese giant posted a good profit in the first quarter of 2020, and the company also reported total first-quarter revenue of $25.75 billion, up 1.4% from the first quarter of last year when Huawei reported revenues of $25.43 billion.
Huawei's net profit fell from 8% in the first quarter of 2019 to 7.3% in the first quarter of 2020.
The Chinese giant has confirmed the continued work in the company's sectors despite the spread of the virus, which has already affected many phone manufacturers in the recent period, as Huawei confirmed confident statements on the trend to increase its global market share even with the expectations that shipments in the global markets are going to decrease by 20%.
Revenue of $25.75 billion for its first quarter 2020 financial report, which revealed the company's steady earnings.
The slowdown in the spread of coronavirus in the Chinese market in March, supported the company in generating revenue in the domestic market, but the company continues to face a slowdown in shipments in the global markets, and the company also faces delays in the development and deployment of 5G networks.
Huawei's net profit decreased from 8% in q1 2019 to 7.3% in q1 2020
$25.75 billion, up 1.4% from the first quarter of last year when Huawei reported $25.43 billion in revenue.
The Chinese giant managed to make good profits during the first quarter of 2020, as the company revealed the total first quarter revenue that rose to
Huawei confident on the trend to increase its global market share even with the outlook for lower shipments in the markets
On the continuation of work in the sectors of the company despite the spread of the virus which has already affected many phone manufacturers in the period .