Huawei revealed, in a statement that Namazone shared a copy of, with its results for the first quarter of 2019, and showed that it achieved revenues of 179.7 billion yuan ($ 26.77 billion), an increase of 39% over last year's revenue .
The company's net profit margin in the first quarter of this year reached 8%, a slight increase from the same period last year, and Huawei maintained during the first quarter its strategic focus on developing smart devices and information and communication technology infrastructure, and continued to enhance Its efficiency and increased its level of operations in this field, which contributed to achieving a strong performance in the first quarter of the year 2019.
The year 2019 witnesses a major expansion in the deployment of 5G networks around the world, which opens up unprecedented growth prospects for the Huawei business group. As of the end of March 2019, Huawei has signed 40 contracts with major global telecom companies to deploy 5G networks, and has sent more than 70,000 base stations for those networks to various markets around the world.
In the first quarter of 2019, the Huawei Enterprise Business Group launched its digital platform and new Huawei strategy at home. Huawei is committed to establishing the foundations of China’s digitization and developing the heart of a digital world by offering a digital platform with comprehensive connectivity and intelligence capabilities. The Huawei Enterprise Business Group has also implemented the world's first Wi-Fi 6 wireless access point that supports 5G. By the end of the first quarter of 2019, Huawei had succeeded in distributing WiFi 6 devices in greater quantities than any other company around the world.
In the first quarter of 2019, Huawei shipped 59 million smartphones to the market. Other business sectors such as computers, wearable devices and smart home appliances have received strong welcome from consumers around the world.
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