Huawei Sales Q3 +27%

It’s all over but the shouting. Huawei will survive and thrive, no matter what the US does short of bombing Shenzen. Despite the US blockade, Raymond Zhong of the NY Times calculates Q3 sales were up 27% over the previous year. I expect 2019 sales will be about US$120 billion.

“Sales from January to September were $86 billion, an increase of nearly 25 percent from a year earlier, Huawei said. That implies, based on comparisons with previously released figures, that sales accelerated in the July-to-September quarter.”

Zhong notes you have to go beyond the (limited) financial release/

It can also be selective about which numbers it shares … the company did not offer a breakdown of its latest sales for different business divisions, which would have provided a better sense of how it has been dealing with the American blacklisting.

I have some details for Zhong. Ritchie Peng said Huawei has now shipped 400,000 5G radios, billing over several quarters billions. He added the demand was far beyond expectations.

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