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  • Despite everything, Huawei is still turning out new products.

  • Late Thursday, the Chinese firm launched its latest flagship handset, the Mate 40 Pro.

  • A day later, it said revenues over the first nine months off the year hit just over $100 billion.

  • Reuters calculations show that means growth off 3.7% in the third quarter.

  • But U.

  • S export restrictions do seem to be biting.

  • The latest growth marks air slow down from double digit rates in previous quarter's profit margins, also declined.

  • Now Huawei will soon stop making its high end clear in chips as US restrictions on supplying the firm take effect.

  • Analysts expect its stockpile of the chips to run out next year.

  • That has prompted Chinese shoppers to rush to buy the company's flagship phones while they still can.

  • Overseas sales have been sluggish, though partly due to restrictions on Huawei's use off Google APS Last week, Reuters reported that the firm may now sell its budget on a brand to raise cash, and focus on higher end models on international pressure on Huawei only seems to be growing.

Despite everything, Huawei is still turning out new products.

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B1 INT huawei firm flagship reuters growth quarter

Huawei's nine-month revenue growth slows as U.S. restrictions bite

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    林宜悉   posted on 2020/10/24
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