Despite U.S. warnings to allies, Huawei expects revenue to rise 21% this year to over $100 biillion

Despite U.S. warnings to allies, Huawei expects revenue to rise 21% this year to over $100 biillion
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.

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31 Comments

1. SIGPRO

Posts: 2810; Member since: Oct 03, 2012

Poor USA accusing Huawei without evidence! While Cisco had NSA backdoor build in and you even spied on allies! USA cannot control the world they are not the boss!

4. Venom

Posts: 2838; Member since: Dec 14, 2017

You are still in denial about Huawei being shady. For the record, no one is saying that the US is innocent here. Yeah our government may be shady at times, but at least we have the right to speak our minds and get them out of office whereas China is purely communist. But Huawei is innocent. P. S. Cue the usual Huawei apologists to come in and deny and deflect.

6. mahalo15

Posts: 56; Member since: Nov 30, 2018

Everyone knows Huawei 'stole' Cisco's source code to build its networking and telecom business without spending billions on R&D and helped by cheap loans with flexible terms from state owned banks and therefore undercutting the competition. Reverse engineering is much cheaper than R&D. You can't debate that with '50 cent party' members though, they are brainwashed sheep hired by CPC with only one agenda and that is to further the communist cause.

23. GalaxyLeads_iCrapFollows

Posts: 184; Member since: Nov 29, 2017

BS. huawei stole from Samsung just like Apple did.

27. mahalo15

Posts: 56; Member since: Nov 30, 2018

Did you even understand my post? I'm talking about networking equipment not phones. Yes, they did steal phone designs and features from Samsung like every other manufacturer.

7. ZerosAndOnes

Posts: 82; Member since: Oct 12, 2018

I rather be spied by China knowing they arent bombing kids in Yemen and creating wars for profit. If anything the world should be worried by USA as history has showed.

12. Xyzdragon

Posts: 9; Member since: Dec 23, 2018

Not bombing but take your organs instead.

13. mahalo15

Posts: 56; Member since: Nov 30, 2018

Correct, China is not bombing kids but they put a million of their own citizens is forced detention in 'internment camps' and make anyone who show dissent disappear. Words like 'freedom of speech' and 'human rights' are avoided like plague on their social media.

22. ZerosAndOnes

Posts: 82; Member since: Oct 12, 2018

For sure they are doing shady stuff with minorities in their own country. But I have never seen them either support or actually go to war with a country in recent decades. Why should I care who they spy when I know their foreign policy is miles miles better than the USA one? You have created 13 wars in 20 years. Millions of innocent people have died all over the world. Middle east is in ruins. China on the other hand are heavily investing in third world countries. They are building railway roads in Africa. Power Plants in Latin America. Ye they have issues and arent saints(they hate religion, are messing with Hong Kong, Tibet issue). But seriously I rather have them spy on me than USA for so many obvious reasons. There are literally 3-4 countries in the world that hate China. Half the planet hates USA. And for a good reason.

24. mahalo15

Posts: 56; Member since: Nov 30, 2018

You are totally missing the point. If I criticize govt or its policies in US or even Trump, I get away, nobody gives a s**t because its a free society. You try that in China and you will disappear or end up in a labour camp. That alone is scary enough and I'm from South East Asia where China is having border disputes with India, Vietnam, South Korea, Japan and don't forget they are also claiming Taiwan and whole of South China Sea. They have already taken over Tibet and Aksai Chin that was part of India and its just the start since they are becoming more and more aggressive. I'll rather have US spy on me reason being if I criticize their govt, I can still go on a vacation there and feel safe. I can't say the same about China. Infrastructure projects that they are building around the world are debt traps, Maldives and Sri Lanka know that first hand. It seems you have a lot to learn about geopolitical environment in South East Asia.

28. jacky899

Posts: 325; Member since: May 16, 2017

Most of those disputes were instigated or had strings pulled by the US in an effort to contain China. China in the last thousand years believed in isolationism rather than invasion or colonialism. When it was conquered by the Manchurians, which was known as the Qing dynasty, China could no longer maintain isolationism as it was then invaded and carved up by 8 different Western colonial powers. After being beaten by the Opium wars, and country blown up to ruins, the country was again bombed to near oblivion during the Japanese invasion in WW1 and WW2 followed by internal warfare between the Nationalist and Communist. The entire country's infrastructure was literally destroyed and country very weak. That was when Western nations redrew their maps and it is these revised maps that shows the smallest China possible and is used to justify current border disputes. But if you look at the older colonial maps and maps from many of the countries of dispute (not maps from China), the locations of dispute actually originally belonged to China. Maitreya Bhakal summarized many of these border disputes in this blog.https://blog.hiddenharmonies.org/2012/01/24/china-taiwan-america-us-cross-strait-relations-invade-five-reasons/ Talking about wars, US is responsible for causing the majority of the wars and rebellions in the last century. Just read up on some Snowden leaks and you will see the horrible deceit we've been told in the media.https://www.aljazeera.com/indepth/opinion/2013/06/201361693155216625.html Regarding aiding developing nations as a trap, UK's BBC says "[In the 1960s to the 1990s, Western countries offered high-interest market-rate loans to developing countries. However, that strategy misfired when recipient countries could not begin to repay the interest on the debts they had acquired. Outrage ensued and the Western aid model was overhauled. "There was a shared principle that we should not be offering market-rate loans to developing countries," Brad Parks says. "And now, here comes China, enter stage left. They're not part of that coalition. They haven't been socialised to that principle and they're very willing and able to provide loans near or at market rate.]"https://www.bbc.com/news/world-asia-china-41564841

31. mahalo15

Posts: 56; Member since: Nov 30, 2018

If you want to believe in bunch of articles scavenged from millions of others that prove my points than be my guest and keep living in La La land.

25. mahalo15

Posts: 56; Member since: Nov 30, 2018

You are totally missing the point. If I criticize govt or its policies in US or even Trump, I get away, nobody gives a s**t because its a free society. You try that in China and you will disappear or end up in a labour camp. That alone is scary enough and I'm from South East Asia where China is having border disputes with India, Vietnam, South Korea, Japan and don't forget they are also claiming Taiwan and whole of South China Sea. They have already taken over Tibet and Aksai Chin that was part of India and its just the start since they are becoming more and more aggressive. I'll rather have US spy on me reason being if I criticize their govt, I can still go on a vacation there and feel safe. I can't say the same about China. Infrastructure projects that they are building around the world are debt traps, Maldives and Sri Lanka know that first hand. It seems you have a lot to learn about geopolitical environment in South East Asia.

10. maherk

Posts: 6640; Member since: Feb 10, 2012

No one is asking where you'd rather live. This is about spying, and the US should be the last country on earth to be concerned about China's spying capabilities. And guess what, majority of the US allies aren't buying the Americans BC anymore, I mean why should they trust those who were spying on them in the 1st place. Do you even realize how ironic the Americans sound when they're telling their allies like hey listen, yes we do spy on you, but you should be worried about the Chinese because they're trying to beat us and spy on you as well. P. S. Cue the usual US government apologists to come in and deny and deflect.

20. jacky899

Posts: 325; Member since: May 16, 2017

The only surveillance hack ever found in Huawei's equipment to date was ironically implanted by the NSA. Edward Snowden leaked a document in 2012 that show how the NSA's Tailored Access Operations unit conducting covert operation “Shotgiant” beginning in 2007 had succeeded in infiltrating computer servers in Huawei's headquarters in Shenzhen, China by 2010. The success allowed the agency to spy on email communications for Huawei employees, including founder of Huawei, as well as steal the source code for specific Huawei products that could be used to exploit those products for espionage or cyberwarfare purposes. The purpose was to find ties between Huawei and the Chinese gov and also to give NSA the ability to roam through computers and telephone networks of all nations (allied or not) that purchase Huawei equipment to conduct surveillance and, and offensive cyberoperations if required.https://www.nytimes.com/2014/03/23/world/asia/nsa-breached-chinese-servers-seen-as-spy-peril.html No evidence of backdoors or Huawei working with the Chinese government were found after a decade of spying and digging into Huawei’s system and devices by a huge NSA taskforce of expert hackers and engineers. This year, Trump administration justified the ban on Huawei products that despite no evidence of backdoors in Huawei products were ever found (besides the NSA installed one), it doesn't mean Huawei will not embed back doors in future products or software updates. To me, I think that is a very weak argument because the Chinese can use the same argument and ban all US products especially given the huge irrefutable list of evidence of NSA spying. In addition to mass surveillance of domestic civilians, Edward Snowden described, "NSA engaged in "dangerous" and "criminal" activity by "hacking" civilian infrastructure networks in other countries such as "universities, hospitals, and private businesses" NSA themselves have claimed to have "direct access" through the "Prism" program to the systems of many major internet companies, including Microsoft, Skype, Apple, Google, Facebook and Yahoo despite some of these companies later deny NSA's claim (for obvious reasons).https://www.theguardian.com/world/2013/ju​l/11/microsoft-nsa-collaboration-user-data The US recently asked Germany to stop using Huawei products and Germany asked for proof of Huawei working with the Chinese government or Huawei spying. The US could not present any.https://fudzilla.com/news/47805-german-watchdog-says-there-is-no-proof-of-huawei-spying

5. meanestgenius

Posts: 21159; Member since: May 28, 2014

Exactly. But the “I hate Huawei” club member elite and president of the “I lap up anything the U.S. says, even when they have no evidence to support it” will of course come out and attack you for speaking the truth since it doesn’t align with their agenda,

11. Galaxy_Apple

Posts: 129; Member since: May 24, 2015

The real issue is something else it's all about control , They aren't banning lenovo or motorola despite being made n owned by a Chinese company. Either-way don't think china should be given the benefit of the doubt they have used ways to hurt foreign companies too in ever way possibile. China don't care about anything only economic dominance over the world. the issue is creating a level playing field , even just Korean companies n Japanese companies can attest to all the b.s china has done to them let alone our companies.

16. mootu

Posts: 1334; Member since: Mar 16, 2017

They aren't banning lenovo or motorola because they don't make networking equipment. Huawei phones are not "banned" in the US either, just the US carriers were strongarmed into dropping the deals they had just set up with Huawei.

2. alanrock

Posts: 221; Member since: Oct 04, 2018

"I forbididit"...said Trump :)

3. meanestgenius

Posts: 21159; Member since: May 28, 2014

Welp! So much for Huawei going down due to accusations made against them without any evidence to support it. And I’ll also add that Huawei exectutives have maintained a level of professionalism throughout this ordeal that is to be commended. Kudos to Huawei for pushing on through this and increasing their revenue.

8. ZerosAndOnes

Posts: 82; Member since: Oct 12, 2018

Huawei isn't going down, they are thriving in Asia and India. The worlds largest and fastest growing market. 300mil Americans ain't going to hurt Huawei which is no1 in a market of billions.

9. meanestgenius

Posts: 21159; Member since: May 28, 2014

Oh, I know this. But the "I hate Huawei" elite members swear otherwise.

14. Leo_MC

Posts: 6137; Member since: Dec 02, 2011

But 1 billion (if we count Russia too) of the richest consumers in the world would.

17. BullDozer

Posts: 144; Member since: Dec 18, 2015

You really think Russians ( 150 million people ) will listen US warnings without any evidence? Russia and China have been allies and still have cooperation treaty. Huawei is market leader there. However Apple has been previously banned and that can happen again. Huawei is also flourishing in Europe. Just recently Germany investigated their devices and found nothing suspicious. Germany together with France are a leading countries in EU ( 500 million people ). Case Snowden is still in fresh memory and current US Government is not considered trustworthy. Until solid evidences this ban is just an trade war operation. Fake news. Huawei will do just fine without US.

19. Leo_MC

Posts: 6137; Member since: Dec 02, 2011

Russia is nobody’s friend. France and GB have already passed Huawei’s equipments to build the 5G networks and Germany is also “looking into” the possibility. EU countries will take its time and will make sure the economy won’t suffer (but rest assured, just like it raised import taxes four times for some Chinese products in the past, it will sure do it again (not to mention the fact that Nokia, Alcatel, Siemens, Ericsson are all European companies so EU has a perfect excuse to keep the money in Europe).

18. BullDozer

Posts: 144; Member since: Dec 18, 2015

double post.

15. Agniputra

Posts: 29; Member since: Dec 06, 2018

Indian here....Huawei is not thriving in India. They just sell a bunch of phones even less than xiaomi here.

21. barondebxl

Posts: 180; Member since: Nov 04, 2011

This whole Huawei thing is all about money. The US does not want Huawei to be number one. Although Samsung is a Korean company, there's a Samsung USA. They use a lot of US components like the Qualcomm snapdragon etc...but Huawei uses everything in house pretty much. And they are growing more and more. As a result, the US wants to stop that and so they tell everyone to avoid Huawei devices cause they are spying...LMAO . The US complaining about someone spying is like Popeyes the sailor complaining someone else is eating spinach. Foh

26. mahalo15

Posts: 56; Member since: Nov 30, 2018

Please don't make a fool out of yourself. They have banned Huawei's 5G networking equipment not their phones. They are separate things.

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