Chinese tech giant Huawei profit surges 564%, biting into Apple sales

Beijing (AFP) April 30, 2024

Tech giant Huawei's first-quarter profits surged over fivefold year-on-year, a company filing showed Tuesday, 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 espionag