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Huawei says it shipped 59M smartphones in Q1 as revenue jumped 39% to $27B

Jon Russell
Huawei says it shipped 59M smartphones in Q1 as revenue jumped 39% to $27B

Fresh from an $8.8 billion profit last year, much-maligned Chinese tech giant Huawei is touting yet more growth. While it isn't listed publicly, it declares quarterly and yearly business figures, the latter of which is audited by KPMG. For Q1, Huawei didn't reveal a net profit but it said that its net profit margin was eight percent which is "slightly higher" than the same time in the previous year.