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Huawei Sales Rises 16% on Strong Demand for Its Phones and Chips

Huawei Technologies Co.’s revenue grew for the seventh straight quarter after its smartphones enjoyed sustained demand in China at Apple Inc.’s expense.The Shenzhen-based telecommunications giant posted sales of 168.4 billion yuan ($23.7 billion) in the September quarter, up 15.6% from a year earlier, according to calculations based on its parent’s nine-month financial figures posted on the Shanghai Clearing House’s website. The filing did not offer a breakdown on contributions from different bu...

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