Huawei revenue rises in first 9 months

Huawei Technologies Co posted steady revenue growth during the first three quarters of this year on the back of its robust smartphone business, as the tech giant seemed to have shrugged off much of the impact from US restrictions.

During the first three quarters of this year, the company generated a revenue of 610.8 billion yuan ($86 billion), up 24.4 percent year-on-year. The tech giant had earned revenue of 401.3 billion yuan during the first six months of the year, up 23.2 percent from the same period a year ago.

"The overall revenue is steadily growing. It is fair to say that the current trade uncertainties have not had much of an impact on Huawei's growth," said Xiang Ligang, director-general of the Information Consumption Alliance, a telecom industry association.