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| Huawei announced stable first-quarter profit of $ 25.75 billion |
Huawei released its financial report for the first quarter of 2020, which achieved record sales and record sales of $ 25.75 billion.
The Chinese giant made good profits in the first quarter of 2020, as the company announced total sales of $ 25.75 billion for the first quarter, which is equivalent to increasing Huawei's sales by $ 25.43 for the same period last year registered. 1.4%.
In contrast, Huawei's net profit increased from 8% in the first quarter of 2019 to 7.3% in the first quarter of 2020
Although the virus has spread, the Chinese giant has confirmed that the work of the company's various departments will continue. The virus has recently affected many mobile phone manufacturers. Huawei confidently confirmed the trend of growth in its global market share, although global market shipments are expected to decrease by 20%.
It should be noted that the slowdown in the spread of the Corona virus in the Chinese market in March helped the company's revenue growth in the domestic market, but the company is still facing a slowdown in global delivery. The company also faces 5G. Delays in the development and deployment of the network.
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