Huawei posted revenues of 456.6 billion yuan ($62.4 billion)for the first three quarters of the year, up 2.4% from a year earlier.
In contrast to the modest rise in revenue, profit rose 177.8% in the period to 73.05 billion yuan, according to Reuters calculations.
For the third quarter, revenue rose 1.5% to 145.7 billion yuan, according to Reuters calculations.
Counterpoint said Huawei ranked as the sixth-largest smartphone brand in China during the quarter with a share of 12.9%, up from 9.1% from the same period a year ago.
However, the Huawei spokesperson attributed the third-quarter revenue growth to increases in the digital power, cloud and auto parts businesses, while the Mate 60 series was released relatively late in the quarter.
Persons:
Ken Hu, Richard Yu, Huawei's, David Kirton, Christian Schmollinger, Simon Cameron, Moore
Organizations:
Huawei Technologies, Huawei, Research, U.S, Huawei's Smart, Thomson
Locations:
SHENZHEN, China