Huawei’s profits jump by 25% despite US efforts to curtail its business

Huawei’s profits soared to nearly $9 billion last year, powered by its booming smartphone business, but a US-led campaign against the company weighed on sales of telecom equipment.

The Chinese tech giant said Friday that 2018 earnings jumped by 25% to 59.3 billion yuan ($8.7 billion). Sales fell short of an earlier company