SHENZHEN – Huawei Wednesday announced business results for the third quarter of 2019. During the third quarter of this year, Huawei achieved revenue of 640.8 billion yuan, an increase of 24.4{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} over the previous year. During this period, the company's net margin was 8.7{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5}.[1]
Huawei has continued to focus on ICT infrastructure and smart devices and continued to improve operational efficiency and quality. This increased operational and organizational stability and strengthened the company's performance in the third quarter of 2019.
In the consumer business, Huawei's smartphone business has grown steadily. Huawei's smartphone shipments exceeded 186 million in the third quarter of 2019, an increase of 26{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} over the previous year. The company also grew rapidly in other new businesses such as PCs, tablets, wearables and smart audio products.
Vision Smart Screens, featuring unique innovations in software and hardware, were also released in the third quarter, highly acclaimed by the industry and consumers. A stronger ecosystem is being formed that focuses on the consumer and provides a smoother, intelligent experience in all major user scenarios.
Huawei's mobile service ecosystem has developed rapidly, covering more than 170 countries and regions. There are over 107 million registered developers worldwide.
In the mobile business, commercial deployment of 5G networks worldwide has accelerated. Huawei has continued to roll out innovative solutions with major carriers such as 5G super uplink, smart and simplified transport networks. The company also worked with industry partners to build industry alliances and industrial innovation foundations for 5G deterministic networking, enabling operators to innovate and grow.
Huawei currently supplies more than 400,000 5G Massive MIMO Active Antenna Units (AAU) to the global market with global operators with more than 60 commercial contracts with 5G. Huawei's production and supply of optical transmission, data communications and IT products have steadily increased.
In enterprise business, the company launched the Huawei Horizon Digital Platform. This integrated, open, and efficient platform builds on Huawei's extensive technological experience. Through this, Huawei will work with customers and partners to build the foundation of the digital world, creating trillions of dollars of digital innovation industry. The platform also helps speed up digital transformation in various fields such as government, public utilities, finance, transportation and electricity.
By the end of the third quarter of 2019, more than 700 cities, 228 Fortune Global 500 companies, and 58 Fortune Global 100 companies named Huawei as their digital innovation partner.
Huawei's cloud service development is accelerating. In the third quarter, Huawei announced its computing strategy and launched Atlas 900, the world's fastest AI training cluster. Other innovative products released by the company include the HUAWEI CLOUD Ascend AI Cluster Service, 112 new services powered by Kunpeng and Ascend processors, and Industrial Intelligent Twins. These products have made significant strides in government, Internet service providers (ISP), automotive, finance and many other industries. More than 3 million enterprise users and developers used HUAWEI CLOUD to develop products and solutions.
Huawei, the third quarter of 2019 business performance: the first increase in daily sales of 24.4{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} in Pakistan Pakistan.