{"id":22807,"date":"2019-03-29T08:23:58","date_gmt":"2019-03-29T08:23:58","guid":{"rendered":"http:\/\/qatar-tourism.com\/Ar\/2019\/03\/29\/huawei-says-2018-sales-surged-above-100bn-despite-us-pressure\/"},"modified":"2019-03-29T08:23:58","modified_gmt":"2019-03-29T08:23:58","slug":"huawei-says-2018-sales-surged-above-100bn-despite-us-pressure","status":"publish","type":"post","link":"https:\/\/qatar-tourism.com\/Ar\/2019\/03\/29\/huawei-says-2018-sales-surged-above-100bn-despite-us-pressure\/","title":{"rendered":"Huawei says 2018 sales surged above $100bn despite US pressure"},"content":{"rendered":"<div id=\"body-200771816342556199\" readability=\"133.261429491\">\n<p class=\"speakable\"><span>China&#8217;s Huawei Technologies Ltd, the biggest global maker of network equipment for phone and internet companies, reported its 2018 sales surged past $100bn despite\u00a0US warnings to other governments that its telecom technology is a security risk.<\/span><\/p>\n<p class=\"speakable\">&#8220;Moving forward, we will do everything we can to shake off outside distractions, improve management and make progress towards our strategic goals,&#8221; rotating chairman Guo Ping said on Friday.<\/p>\n<p class=\"speakable\">Last year, global sales rose 19.5 percent over 2017 to 721.2 billion yuan ($105.2bn), according to Guo.<\/p>\n<p>Huawei said its net profit grew 25 percent last year amid a global US campaign to blacklist the\u00a0<span>telecom giant<\/span> over espionage fears. Net profit rose to 59.3 billion yuan ($8.8bn) last year, the company said in a statement.<\/p>\n<p>However, the firm&#8217;s carrier business, which supplies telecom infrastructure to much of the world, slipped 1.3 percent during the year after a 2.5 percent expansion in 2017.<\/p>\n<p>Huawei is the leading manufacturer of equipment for next-generation 5G mobile networks that will bring near-instantaneous connectivity for smartphones, but has encountered pushback in some Western markets over fears Beijing could gain access to critical infrastructure.<\/p>\n<h2><span>Market dominance\u00a0<\/span><\/h2>\n<p>Al Jazeera&#8217;s Adrian Brown, reporting from Beijing, said: &#8220;Huawei has been making money with the sales of their tablet and smartphones. They&#8217;ve been doing particularly well in the developing world&#8221;.<\/p>\n<p>&#8220;Consumers don&#8217;t have any\u00a0qualms\u00a0about using Huawei equipment, they don&#8217;t worry about that the Chinese government potentially using that equipment to spy on individuals and companies. Huawei denies all that.&#8221;<\/p>\n<p>The company is <a href=\"https:\/\/www.aljazeera.com\/news\/2018\/12\/canada-arrests-cfo-china-huawei-technologies-181205231502520.html\">grappling with the December arrest<\/a> of chief financial officer Meng Wanzhou, daughter of company founder Ren Zhengfei.<\/p>\n<p>Meng was arrested in <a href=\"https:\/\/www.aljazeera.com\/topics\/country\/Canada.html\">Canada<\/a> at Washington&#8217;s behest over charges that she and Huawei circumvented US sanctions against Iran.<\/p>\n<p>Two Huawei affiliates have <span>also\u00a0<\/span>been charged this year with stealing trade secrets from telecom group T-Mobile in a separate case.<\/p>\n<p>Guo reiterated Huawei&#8217;s insistence that it poses no security risk while hinting that its market dominance left the company a crucial player in the global 5G rollout.<\/p>\n<p>&#8220;We are confident that the companies that choose to work with Huawei will be the most competitive in the 5G era,&#8221; he said.<\/p>\n<p>&#8220;Countries that choose to work with Huawei will gain an advantage for the next wave of growth in the digital economy.&#8221;<\/p>\n<p>Huawei hit back earlier this month by filing a suit in the US to overturn a law that bars its government agencies from buying the company&#8217;s equipment, services, or working with third parties that are Huawei customers, crippling the company in the lucrative US market.<\/p>\n<p>&#8220;The US government is sparing no effort to smear the company,&#8221; Guo said when announcing the suit.<\/p>\n<p>Washington has long considered Huawei a potential threat due to the background of founder Ren, a former Chinese army engineer.<\/p>\n<p>Those concerns have escalated as Huawei has risen to become the world leader in telecom networking equipment and one of the top smartphone manufacturers alongside Samsung and Apple.<\/p>\n<\/div>\n<div readability=\"32\">\n<p>\n            SOURCE:<br \/>\n            <span>Al Jazeera and news agencies<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>China&#8217;s Huawei Technologies Ltd, the biggest global maker of network equipment for phone and internet companies, reported its 2018 sales surged past $100bn despite\u00a0US warnings to other governments that its telecom technology is a security risk. &#8220;Moving forward, we will do everything we can to shake off outside distractions, improve management and make progress towards&hellip;<\/p>\n","protected":false},"author":4,"featured_media":22808,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-22807","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-2","has_thumb"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - 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