For months there have been allegations of espionage against Huawei and constant harassment by the US government. Despite this, the Chinese manufacturer was able to achieve a really good financial year in 2018.
Huawei's financial report for 2018 is now available and shows how the company has continued to grow. Last year, the company's sales rose by 19.5 percent compared to 2017, to around $106 billion. Huawei was thus able to increase its profit to $8.7 billion - an increase of 25 percent compared to the previous year.
It is interesting to note that the Chinese manufacturer had such a good year in 2018. Huawei recorded a sharp increase in the end customer business and thus in sales of smartphones, tablets, laptops and other devices. Thanks to strong smartphone sales, sales rose by 45.1 percent. In contrast, the network division that Huawei once started with shrank by 1.3 percent.
Huawei rotating chairman, Guo Ping, was quick to deliver some harsh words for the American government. He said: "The US government has a loser’s attitude. They want to smear Huawei because they can’t compete with us." He added that the US has "abandoned all table manners" in its row with the Chinese company.
Allegations of espionage do not come without consequences
One reason for the latter is the espionage accusations against the company, as a result of several long years of questioning, suspensions and a completely terminated cooperation with Huawei in the US. In Europe, Huawei will not be banished from the net for the time being, but will be closely watched. Huawei's acting chairman, Guo Ping, said in a press release:
"In the future, we will do everything we can to shake off external distractions, improve management and progress toward our strategic goals."