Huawei made about as much money in Q1 of 2020 as in Q1 of 2019. The company’s total revenue was CNY 182.2B ($25.75B) – a 1.4 percentage point increase over the CNY 179.7B ($25.43B) of last year’s Q1.
Meanwhile net profit in Q1 of 2020 dipped to 7.3%, compared to 8% of Q1 2019.
Huawei claims its operations are continuing as usual, despite the current pandemic. The maker is even confident that it will increase its global market share, despite the expected 20% decline in global shipments.
As the pandemic slowed in China, local revenue managed to recover in March. But Huawei is…
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