Tech
Profits soar at Huawei as it wins out against Apple in China
The Shenzhen-based company reported net profit of 19.6 billion yuan ($2.7 billion) in the March quarter, up 564%
Huawei’s profit rose for the fourth consecutive quarter, a sign the Chinese tech company is taking market share from Apple and other smartphone rivals.
The Shenzhen-based company reported net profit of 19.6 billion yuan ($2.7 billion) in the March quarter, up 564 per cent, according to a filing from Huawei’s holding company posted to the website of the National Interbank Funding Center in China.
Sales in the first quarter rose 37 per cent to 178.5 ...
