Huawei announced that its profits fell 35.9% in the period through June, settling at 3,095 million euros. The Chinese technology company is not listed on the stock exchange, which means it is not obligated to publish public financial results like companies operating in stock markets.
Despite the drop in profits, Huawei managed to regain ground in the smartphone market in China. The article indicates that the company is one of the main competitors in the Chinese mobile devices market.
Huawei thus continues to be one of the largest technology companies in the world, maintaining a relevant position both in the domestic market and in other international markets, although it has faced financial challenges in the first half of the year.
