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Huawei Q1 Results: Chinese tech giant posts over fivefold rise in profits
Tech giant Huawei's profits surged over fivefold year-on-year in the first quarter of 2024, a company filing showed Tuesday, as the firm continues a rebound and bit into competitor Apple's sales in China. Huawei competitor Apple saw iPhone sales slump by 19 percent in the first quarter in China, Bloomberg reported, citing market research firm Counterpoint.