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Huawei Tops $100 Billion Revenue For First Time Despite Political Headwinds (cnbc.com)
An anonymous reader quotes a report from CNBC: Huawei's revenue grew 19.5 percent in 2018, surpassing $100 billion for the first time, despite continuing political headwinds from around the world. Sales came in at 721.2 billion yuan ($107.13 billion) last year. Net profit reached 59.3 billion yuan, higher by 25.1 percent compared to a year ago. The revenue growth was faster than that seen in 2017, but the net profit rise was slightly slower.
Huawei's numbers are a bright spot for the firm, which has faced intense political pressure. The U.S. government has raised concerns that Huawei's network gear could be used by the Chinese government for espionage. Huawei has repeatedly denied those allegations. Sales in its carrier business, which is its core networking equipment arm, reached 294 billion yuan, slightly below the 297.8 billion yuan recorded in 2017. The real driver of growth was the consumer business, with revenue for that division rising 45.1 percent year-on-year to reach 348.9 billion yuan. For the first time, consumer business is now the biggest share of Huawei's revenue.
Huawei's numbers are a bright spot for the firm, which has faced intense political pressure. The U.S. government has raised concerns that Huawei's network gear could be used by the Chinese government for espionage. Huawei has repeatedly denied those allegations. Sales in its carrier business, which is its core networking equipment arm, reached 294 billion yuan, slightly below the 297.8 billion yuan recorded in 2017. The real driver of growth was the consumer business, with revenue for that division rising 45.1 percent year-on-year to reach 348.9 billion yuan. For the first time, consumer business is now the biggest share of Huawei's revenue.
...The revenue growth was faster than that seen in 2017... For the first time, consumer business is now the biggest share of Huawei's revenue.
I personally didn't know much about Huawei till the fella in the White House started blabbing about it.
Way to go Huawei. Like Putin once said (I'll paraphrase), "Let the dogs bark, you march on..."
Be careful though, you may be prevented from using Android - ask ZTE! about this.
Having been given access to their source code, the British judgement seems to be that it is truly and irredemably awful and so should be rejected for 5G for THAT reason rather than alleged Chinese government issues. Of course this may explain why their finance director was carrying Apple equipment when arrested in Vancouver...
I keep seeing stories about how the 5 Eyes kinda agree that Huawei isn't a great thing for the world. I still have yet to see exactly why this is true.
In practice, I have not seen their devices pinging home. I have never found audio files being stored from the hidden microphone in the power supplies. I have not seen that their devices have any more security holes than anyone else's. I have not seen any evidence that their products are inferior from a technical perspective. Technically, you can break Cisco equipment just as much as you can break Huawei equipment.
Did I miss a news day? Did I miss a new routing protocol that secretly routes network equipment information over SSL through QQ? Is it that I can't read Chinese comments in code? I have yet to find the kill code routine for all Huawei devices in their code. Why again are we scared of Huawei?
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Good night. Don't let the boogeyman bit - Kate Danley
She should definitely write an ebook about being arrested. I know for sure that creimer will do so when he gets arrested.
Having been given access to their source code, the British judgement seems to be that it is truly and irredemably awful
Have the Brits looked at any other commercial closed source software?
It is all awful.
You name it, it is under review
lol Advertising at its best.
Shanghal bill made a comment and his regulator didn't follow up immediately.
This place is going downhill
Trailing industries? Huawei stole the IP needed to get them where they are, some of which was FROM US tech companies, lol. They are also government subsidized.
If people want to enable and empower that kind of thing, so be it. But acting like they are benevolent masters of tech is a joke.
Like Juniper and Cisco have had *MULTIPLE* and *REPEATED* 'debugging backdoors' left in *PRODUCTION CODE* on *MULTIPLE OCCASIONS*.
I'm not saying to trust Huawei, but I am saying that the issue is with *EVERY* major hardware provider for these markets, and the only way for ANYONE to have secure equipment is if they are *ALL* required to provide source code *WITH* their products, as well as a PROVEN build environment so the hardware purchaser/deployer can provably verify the binary images to the source code with the supplied toolchain, as well as use their own trusted toolchain or modifications to ensure the security and integrity of the hardware and software platform. Anything less must be assumed insecure by past actions.
where did I claim they were benevolent or that they aren't thievies. Regardless how they got there they are NOW the leaders. using alternative US companies means using subpar stuff.
The chairman of the Huawei think United State of America is a Loser.
This the time to step up for all the patriots to destroy this third rated company and this loser.
Why do you care? No one gives a shit about your spam. You are no better than the Nazi flag ascii art guy or the Republicans are all faggots going to jail guy.
At least the Nazi guy is funny sometimes. You and Republican faggot jail guy are just boring and stupid.
The simple truth is the United States and its domestic market matters less than it did decades ago. The world is all developing, and more trading partners are truly more important. The bad luck of the US being saddled with Trump at the time it needs to embrace greater trade and reforms to enable that doesn't help. The US after the pacific war created a much better democracy from the previously militarist and colonial-oriented one in Japan, and now it dominates in high technology trade. Why couldn't the US adopt that model domestically? Why aren't they even trying to adapt anymore?
Makes ya wonder.. If fear of Huawei, led to Apple whispering in the ears of select politicians... What exactly does ~$7M a year in lobbying buy you?
I wonder how they steal technology that nobody else have.... let alone US.
Even if they stole in the earlier days to catch up the list of viable competitors doesn't include US companies. So I guess Europeans should be more pissed.... but somehow Americans are triggered.... because ... China.
Yes, but they just dump that block of text after every post that Shankhi makes. It's a near zero effort action. Like the barking of a neighbor's dog it is something you just ignore. Unless you're feeling like being trolled.
Cisco stole IP from Stanford university. How's that for starters?
Cisco steals