Aug 30, 2024 04:35 AM
BUSINESS
Huawei Growth Spurt After Taking a Bite of Apple’s Market Share
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Huawei’s next flagship Mate 70 will be closely watched for any processor upgrades when it is launched later this year
(Bloomberg) — Huawei Technologies Co. Ltd.’s revenue grew for the sixth straight quarter after its smartphones gained market share in China at Apple Inc.’s expense.
The Chinese networking and electronics leader posted a revenue of 239 billion yuan ($33.5 billion) in the June quarter, up 33.7% from a year earlier, according to calculations based on the company’s six-month financial figures.
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