Huawei has announced its business results for the first quarter of 2019. In Q1 of this year, Huawei generated CNY179.7 billion in revenue, an increase of 39% year-on-year. The company's net profit margin in Q1 2019 was about 8%, slightly higher than the same period last year.
Industry News
FCC calls for China Mobile to be blocked from US market
US aggression towards Chinese telecommunication entities shows no signs of abating following the latest calls from the chairman of the Federal Communications Commission to block China Mobile from operating in the United States.
Huawei announces launch of its Wi-Fi 6 products in five major regions globally
At the Huawei Global Analyst Summit 2019, Huawei and Wi-Fi Alliance (WFA) held a media roundtable meeting with the theme of "Wi-Fi 6, Unlocking Business Value." At the media roundtable, Huawei announced AirEngine as its new Wi-Fi brand, which will be applied to its full series of enterprise-class Wi-Fi 6 products.
Chinese vendor announces completion of 5G interoperability tests
ZTE, a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, today announced the completion of the multi-vendor interoperability test organized by European Advanced Networking Test Center (EANTC).
Singapore crowned APAC’s top Smart Fibre City
The FTTH Council Asia Pacific crowned Singapore as the city with the most advanced Fibre-to-the-Home coverage in the region.
Belgian cybersecurity agency clears Huawei from cyber-espionage claims
Belgium’s center for cybersecurity has cleared Huawei after finding no evidence that suggests the tech giant’s telecoms equipment could be used for spying on behalf of the Chinese government.
Huawei’s new solution will help operators rollout 5G networks at speed
Huawei's SingleRAN Pro solution offers an open, simplified networking concept to help operators roll out commercial 5G networks with speed and prosper. This is according to Peter Zhou, Chief Marketing Officer (CMO) for Huawei Wireless Solution, who has highlighted the impact of this new solution at the Huawei Global Analyst Summit (HAS).
Foxconn chief decides to step down
Foxconn boss Terry Gou hinted he would soon step back from frontline operations while remaining at the helm of the major Apple supplier. The firm said its billionaire founder would not be relinquishing his role as chairman, rebutting earlier media reports.
Australia lagging behind Singapore, South Korea and China in FTTH penetration
A new report has shown that Australia is lagging well behind other Asia Pacific markets such as Singapore, South Korea and China in relation to FTTH penetration.
China investigates Ericsson’s licensing practices
Chinese regulators have launched an investigation into Ericsson’s patent licensing practices following complaints against the company’s intellectual property licensing practices as the race for 5G escalates in China.