Huawei Technologies Co. experienced a 16% increase in sales, driven by strong demand for its smartphones and chips. This marks the seventh consecutive quarter of revenue growth for the company.
The financial figures were derived from Huawei's parent company's nine-month financial disclosures, although specific contributions from various business units were not detailed.
The company's market performance has improved as it takes advantage of demand in China, particularly at the expense of competitors like Apple Inc.