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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.
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