FORBES: Huawei Still Sold 67 Million Phones In Q3 2019 Despite Google Ban

In third-quarter financial results released today, Huawei reported total revenue of 610.8 billion yuan ($86.1 billion) and 185 million phones sold, the former a 24.4% over the same nine-month period of 2018, and the latter about on par with last year’s pace.

FORBES: Huawei Still Sold 67 Million Phones In Q3 2019 Despite Google Ban
FORBES: Huawei Still Sold 67 Million Phones In Q3 2019 Despite Google Ban

The ban on Huawei from using Google’s services has delayed indefinitely the global launch of Huawei’s flagship phone release, the Mate 30.

By Ben Sin

But inside China, the phone has been selling extremely well, moving a million units in the first weekend and reaching three million units by the second week.

Those numbers have helped the Chinese tech giant keep up its solid financial figures despite ongoing scrutiny from the U.S. government. In third-quarter financial results released today, Huawei reported total revenue of 610.8 billion yuan ($86.1 billion) and 185 million phones sold, the former a 24.4% over the same nine-month period of 2018, and the latter about on par with last year’s pace.

But there’s a caveat: pay closer attention to Huawei’s reports and it becomes apparent the company actually declined to provide figures specific to Q3–in what was billed as a Q3 financial result–and instead gave only 2019 totals up through September. This suggests Huawei’s third quarter numbers aren’t as desirable as the company would have liked, hence the special accounting methods. More

By Ben Sin Forbes

Ben Sin