Though everyone expected Huawei’s ongoing tussle with the United States to result in diminished sales, the Chinese giant has proven the analysts wrong. Huawei has today posted its first-half earnings report, revealing that its revenue jumped a significant 23.2% as compared to their revenue figures for the same period last year.
But, this last quarter Huawei has increased their sales in China (where unaffected) by 20.6%
While this is good news for Huawei, the company says that their troubles and hard times certainly aren’t in the past just yet. The US tech bigwigs may be free to conduct business with the Chinese giant once again, however, Huawei still sits on the US Entity List. It has been blacklisted from conducting business and marketing themselves in the States and it may “affect the pace of our growth in the short term,” says the official press statement.
