Despite adverse circumstances, Huawei generated CNY610.8 billion in revenue in the first three quarters which is an increase of 24.4% year-on-year as stated by the company while announcing its business results for the third quarter of 2019.The company’s net profit margin in this period was 8.7%.
According to Huawei, they have maintained its focus on ICT infrastructure and smart devices, and continued to boost the efficiency and quality of its operations. This contributed to increased operational and organizational stability and solidified the company’s performance in the first three quarters of 2019
In the carrier business, commercial deployment of 5G networks around the world has sped up. Huawei has signed more than 60 commercial contracts for 5G with leading global carriers and shipped more than 400,000 5G Massive MIMO active antenna units (AAUs) to global markets. The production and supply of Huawei’s optical transmission, data communications, and IT products grew steadily as confirmed by Huawei.
In the enterprise business, Huawei launched the Huawei Horizon Digital Platform. This converged, open, and efficient platform was built on Huawei’s extensive technological experience. With it, Huawei aims to work with customers and partners to build a foundation for the digital world, creating a digital transformation industry worth trillions of US dollars. This platform will also help various sectors like government, public utilities, finance, transportation, and electricity to speed up their digital transformation as stated further by Huawei in its press statement.
By the end of Q3 2019, more than 700 cities, 228 Fortune Global 500 companies, and 58 Fortune Global 100 companies had selected Huawei as their partner for digital transformation as claimed by Huawei.
Huawei’s cloud service development has been accelerating. In Q3, Huawei announced its computing strategy and released Atlas 900, the world’s fastest AI training cluster.
In the consumer business, Huawei’s smartphone business has grown steadily. Huawei’s smartphone shipments in the first three quarters of 2019 exceeded 185 million units, representing a year-on-year increase of 26%. The company also saw rapid growth in other new businesses like PCs, tablets, wearables, and smart audio products.
The Vision smart TV, featuring unique innovations in software and hardware, was also launched in Q3, gaining high acclaim from the industry and consumers.
The Huawei Mobile Services ecosystem has also developed rapidly, covering more than 170 countries and regions. It has attracted over 1.07 million registered developers worldwide.