Huawei's Revenues Top $100 Billion Despite US Fight

Jeannie Matthews
April 2, 2019

In 2018, Huawei managed to generate a revenue of over $100 billion for the first time, led by the 45.1% gain in sales for the division that manufactures smartphones.

Consumer business sales hit a record 348.9 billion yuan a year ago, with Huawei shipping some 206 million handsets.

Huawei saw its sales revenue for 2018 jump 19.5 per cent to 721.2 billion yuan (S$148 billion).

Shenzhen [China], Mar 29: Huawei may seem like a troubled company on the outside but have a look at its latest financial results and it is anything but thriving.

"We're confident about our continuous work with foreign authorities in ensuring network safety", he said, adding that in the past two years, the company has not had a single major cyberattack.

"Through heavy, consistent investment in 5G innovation, alongside large-scale commercial deployment, Huawei is committed to building the world's best network connections", declared Guo Ping, Huawei rotating chairman.

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Nevertheless, the glowing question marks of competence can well hinder Huawei in taking a big portion of the networking infrastructure business, namely, the 5G, in places like the United Kingdom.

"We welcome the European Union's attitude", said Guo.

Leading Chinese Telecommunications Equipment tech giant Huawei's has been recently inspected to have "significant" technical risks in their network security. The world's largest manufacturer of telecom equipment could still face a supply disruption, prompting company officials to diversify its supplier base. "As long as the Chinese company maintains its technological edge, more countries will embrace Huawei's products", Xiang said.

The Chinese technology giant filed a lawsuit claiming that the U.S. government is overstepping by barring Huawei from competing to supply equipment to certain federal agencies.

Huawei hit back earlier this month by filing suit in the United States to overturn a law that bars U.S. government agencies from buying the company's equipment, services, or working with third parties that are Huawei customers, crippling the company in the lucrative USA market. It is not only Huawei technology that is capable of being used for spying the article argues.

In its cloud business, Huawei launched 160 cloud services and 140 solutions and worked with its partners to serve customers worldwide with 40 availability zones across 23 regions.

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