Huawei earned $1.55 billion from device business in first half of 2019

Huawei in a filing revealed its device business supported by smartphone division has earned 11 billion yuan ($1.55 billion) in profit in the first half of this year. The earning result is same as the last year, reported Reuters.

In May, Huawei was blacklisted by the US government and prohibited from purchasing the US technologies, which according to some industry analysts could to affect Huawei’s business in the second half.

Huawei founder, Ren Zhengfei projected a total loss of $30 billion right after the US ban and in the H1 results, the company said the US would cost around $10 billion this year.

In the first half business results of 2019, Huawei said it shipped 118 million units of smartphones, resulting in a 24% on-year jump. That figure includes its Honor-branded phones.

Data shown by Canalys says, Huawei leads the Chinese smartphone market with 38.2% shares in the second quarter of 2019 as its rivals companies left behind with growth loss.

Meanwhile, the company aims to ship 270 million smartphones units by this year, more than its previous shipment marks.