Huawei Revenue Jumps as 5G Contracts Roll In

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Huawei said its first-quarter revenue jumped 39% to $26.81 billion, as the Chinese telecom giant made further inroads in the market for 5G wireless technology

HONG KONG—Huawei Technologies Co. said its first-quarter revenue jumped 39% to 179.7 billion yuan , as the Chinese telecom giant made further inroads in the market for 5G wireless technology.

Huawei said it has signed 40 commercial contracts to supply carriers with 5G technology, and shipped more than 70,000 5G base stations. It said its net profit margin rose slightly to about 8%.

 

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I believe Verizon is rolling 5G out too?

Another good example of China is leading in 5G field. Cannot wait for the time to charge the Americans’ patent licensing fee! Your endless internal turmoil makes you lose the tech competition. Cheers!

Huawei is a Chinese sponsored spy agency

Get money. Bet patents matter now.

*The unaudited figures published Monday are Huawei’s first-ever quarterly update, which didn’t include the net profit figure or detailed results for its separate business lines. Propaganda.

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