Chinese tech giant Huawei has revealed that its revenue for 2018 has surpassed $100 billion, a first for the manufacturer. This is coming on the heels of disclosure that the company’s priced phone shipments for the year have crossed 200 million units as projected. These results have been attained in the face of heightened global scrutiny of its activities extra by the US government and some of its ally.
According to Reuters, Guo Ping, the company rotating chairman during his Fresh year’s address to the company’s employees said that the company’s revenue will hit $109 billion this year, what is a 21% increase from the previous year and it will be the maximum growth rate the manufacturer has recorded in two several years. This year 2018 will moreover deliver it the initially time the company will record $100 billion increase in revenue.
Right from 2012, Huawei technology has been purported to be a threat to US National Security, with claims that the company’s phones and other devices might send confidential reports to the Chinese government. With the 5G technology rolling out next year, there are fears that plenty of could make use of the company’s network infrastructure because of to the progress the manufacturer has made in that aspect. A lot more Therefore, the manufacturer has secured extra than 25 commercial 5G contracts to build the 5G network internationally. Huawei also is the largest producers of this kind of equipment globally and is Additionally the second highest ranked phone producers after Samsung. There were information last week that US President Donald Trump will sign an executive order upcoming year that will stop US companies from accessing Huawei’s Telecom equipment. With a fast-growing global tech market, US efforts could likely not stifle Huawei’s growth what is largely driven by innovation.