Despite US harassment, Huawei grew by 20% in 2018

Ann Santiago
April 2, 2019

Guo Ping's comments came as Huawei Technologies Ltd., the biggest global maker of network equipment for phone and internet companies, announced last year's sales surpassed $100 billion despite us pressure on American allies to shun it as a security threat. In 2018, the sales revenue of Huawei's consumer business reached US$51.3 billion, up 45.1 per cent year-on-year.

The US and Australia have banned Huawei from their networks, and Washington is pressuring its European allies to follow suit.

Net profit rose to 59.3 billion yuan ($8.8 billion) past year, the company said in a statement.

After years of tension and accusations that the company makes it possible for Beijing to spy on the West, pressure on the Huawei has ratcheted up.

He added that he was expecting to see large-scale deployment of 5G networks this year, which would increase the company's revenues in this area.

"We prioritize cybersecurity and privacy protection even above our commercial targets", Guo said at a news conference.

Earlier this month, Huawei filed suit against the USA government after it took issue with a recently passed law that banned federal agencies from buying Huawei equipment.

According to the report published by the UK Government, HCSEC has found serious flaws in Huawei products that were examined.

"The future of [the] telecom industry lies in the opportunities that 5G and future generations of technologies can provide to other industries", he said. He said: "The US government has a loser's attitude". Huawei denies that any of its products pose a national security.

However, its global prospects have been clouded by US President Donald Trump's administration, which is waging a campaign to block the Shenzhen, China-based company from supplying equipment for 5G mobile networks.

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

United States officials didn't expect to find dedicated backdoors, instead assessing its more likely the Chinese government would use what appear to be flaws in Huawei's code to gain access, according to the official who spoke on condition of anonymity.

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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