Chinese tech giant Huawei profit surges 564%, biting into Apple sales
Taiwan
BEIJING: Tech giant Huawei's first-quarter profits surged over five-fold year-on-year, a company filing showed Tuesday (Apr 30), as the US-sanctioned firm continues a rebound and bit into competitor Apple's sales in China. Huawei has long found itself caught in the middle of an intense technological rivalry between Beijing and Washington, which has warned the firm's equipment could be used for Chinese espionage operations - allegations denied by Huawei. Sanctions imposed by Washington in 2019
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