Sanctions can’t stop Huawei from soaring past Apple in China


Source: qz.com qz.com

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Chinese smartphone-maker Huawei reported a rise in profit for the fourth consecutive quarter, outpacing its rival Apple, and showing its resilience against U.S. sanctions. Are self-driving cars safe enough yet? CC Share Subtitles Off English view video Are self-driving cars safe enough yet? The company reported a net profit of 19.6 billion yuan, or $2.7 million, in the first quarter — up 564% from the previous year. It also reported a 37% rise in sales to 178.8 billion yuan, or $24.7 billion. Advertisement Meanwhile, Apple’s iPhone sales in China fell 19% over the same period — its worst performance in...