After Nokia’s Q1 2019 results were made public, CEO Rajeev Suri conceded that “Q1 was a weak quarter for Nokia”. However, he continued, “We expected that it would be, and the outcome has not changed our perspective on the full year. We are confident that those issues that drove weakness in our results will ease over the remainder of the year. While overall risks have increased slightly, we continue to see positive developments and are maintaining our guidance for the full year.”
U.S. security concerns about 5G mobile networks built by Chinese telecoms giant Huawei appear to be driven by politics and trade rather than any evidence, the head of the U.N. internet and telecoms agency said on Friday.
Huawei has announced its business results for the first quarter of 2019. In Q1 of this year, Huawei generated CNY179.7 billion in revenue, an increase of 39% year-on-year. The company's net profit margin in Q1 2019 was about 8%, slightly higher than the same period last year.
CEO of Huawei’s Consumer Business Group, Richard Yu, has unveiled the Chinese vendors strategic blueprint for its Honor smartphone brand which they believe will make them the world’s largest smartphone manufacturer this year.
At the Huawei Global Analyst Summit 2019, Huawei and Wi-Fi Alliance (WFA) held a media roundtable meeting with the theme of "Wi-Fi 6, Unlocking Business Value." At the media roundtable, Huawei announced AirEngine as its new Wi-Fi brand, which will be applied to its full series of enterprise-class Wi-Fi 6 products.
Global ride-hailing giant Uber has joined forces with its Middle East competitor Careem and bought it for $1.3 billion.
Ericsson has reported its first quarter results which reflect an increase driven by the growth the Swedish vendor has registered in North America.
Ericsson organized a live 5G demonstration at Maroc Telecom headquarters in Rabat, Morocco which showcased the capabilities of the next-generation mobile technology.
Foxconn boss Terry Gou hinted he would soon step back from frontline operations while remaining at the helm of the major Apple supplier. The firm said its billionaire founder would not be relinquishing his role as chairman, rebutting earlier media reports.
Huawei, as a leading global provider of information and communications technology (ICT) infrastructure, drove forward the conversation on Saudi Arabia’s digital future at the Huawei Saudi Ecosystem Partner Summit 2019, held yesterday.