Welcome To Androidlic Forum...Great Place To Connect, Interact & Learn With Android Lovers !

Author Topic: huawei expects revenue to rise 21% this year despite US Warning  (Read 13148 times)

0 Members and 1 Guest are viewing this topic.


  • Sr. Member
  • ****
  • Posts: 396
    • View Profile
huawei expects revenue to rise 21% this year despite US Warning
« on: December 31, 2018, 12:53:37 AM »
Huawei has already announced that it has exceeded its target and shipped more than 200 million handsets in 2018. But how does this achievement translate into top line growth for the beleaguered Chinese manufacturer? According to Reuters, Huawei's rotating chairman, currently Guo Ping, says that the company's revenue will hit $109 billion this year. That is a 21% hike from last year and is the highest growth rate for the firm in two years. This year also marks the first time that Huawei has surpassed $100 billion in revenue.

The high growth is occurring despite warnings from the U.S. government to its allies not to use Huawei phones or network equipment. Since 2012, Huawei gear has been considered a threat to U.S. national security with fears that its devices and components could send confidential information to the Chinese government. And with many carriers outside of the states building out their 5G networks, the U.S. worries that many will use Huawei networking equipment. In fact, the company has 25 contracts to build 5G networks globally. Huawei is the largest supplier of such equipment worldwide, and is also the second largest smartphone manufacturer worldwide after Samsung.

Last week, speculation arose that President Donald Trump will sign an executive order next month that would ban U.S. companies from using telecom equipment from Huawei and its fellow Chinese manufacturer ZTE. Both companies deny using their equipment to spy on consumers and businesses in other countries.
« Last Edit: December 31, 2018, 01:29:01 AM by droid »


U.S. action tightens action on Huawei

Started by mobify

Replies: 0
Views: 14654
Last post May 17, 2019, 12:14:08 AM
by mobify
Huawei announces Enjoy 20 and Enjoy 20 Plus

Started by appmonstars

Replies: 0
Views: 14524
Last post September 04, 2020, 08:08:47 AM
by appmonstars
Huawei Mate 30 and Mate 30 Pro to be unveiled on September

Started by techy

Replies: 0
Views: 12007
Last post September 02, 2019, 01:57:20 AM
by techy
Huawei Mate X2 to launch with same screen as Mate X

Started by appmonstars

Replies: 0
Views: 13405
Last post August 10, 2020, 03:26:40 PM
by appmonstars
Huawei P40 Pro to come with a Sony-made Quad Quad Bayer sensor

Started by droid

Replies: 0
Views: 8512
Last post January 17, 2020, 07:46:41 AM
by droid