China’s Huawei sees profit rebound despite US setbacks – ValueWalk Premium

China’s Huawei sees profit rebound despite US setbacks

Chinese telecom giant Huawei saw it profits rebound in 2017, helped by strong smartphone sales as it ramps up R&D spending despite suffering setbacks in its US ambitions. The third-biggest smartphone manufacturer in the world behind Samsung and Apple, Huawei Friday announced net profit climbed 28 percent last year to 47.5 billion yuan ($7.3 billion), recovering…



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