Huawei posts flat revenue Q1, remains positive of market share increase

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Huawei made good revenue in Q1 of 2020 as in Q1 of 2019. The company’s complete income was CNY 182.2B ($25.75B) – a 1.4 percentage stage increase over the CNY 179.7B ($25.43B) of previous year’s Q1.

In the mean time web earnings in Q1 of 2020 dipped to 7.3%, in contrast to 8% of Q1 2019.

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Huawei claims its functions are continuing as normal, regardless of the recent pandemic. The maker is even self-confident that it will raise its worldwide market place share, inspite of the expected 20% decrease in international shipments.

As the pandemic slowed in China, community profits managed to get well in March. But Huawei is observing a slow-down outside its home marketplace, which includes Huawei’s 5G deployment business.

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