Huawei's third quarter revenue grows by 24.4 percent year-on-year despite US blacklist

Third-quarter revenue for Huawei Technologies Co Ltd, the Chinese technology giant blacklisted by the U.S. government, grew 24.4 percent from the same period a year earlier, according to the Global Times. [caption id=“attachment_7326721” align=“alignnone” width=“1280”] Huawei.[/caption] The state-backed newspaper also said Huawei shipped more than 185 million smartphones in the first three quarters of 2019, up 26% year-on-year. The company said in August that while the impact of U.S. trade restrictions will be less than initially feared, the curbs could push its smartphone unit’s revenue lower by about $10 billion this year. Huawei is the world’s biggest maker of telecom network equipment and the second-largest smartphone maker.