Cybersecurity
Huawei’s Revenue Growth Rebounds Despite ‘Storm-Tossed’ 2018
- Sales jumped 21% to a projected $108.5 billion this year
- Chinese tech giant vows to put 2018 behind it as 2019 begins
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Huawei Technologies Co. projected a 21 percent jump in 2018 revenue, showing off a sharp acceleration in top-line growth despite a difficult year in which it struggled to dispel growing concerns about its business and the security of its products.
China’s largest technology company by sales is estimating $108.5 billion of revenue for 2018, a year in which it shipped more than 200 million phones to overtake Apple Inc. in global market rankings. Rotating Chairman Guo Ping struck a confident tone in a year-end letter posted Thursday, vowing to re-double the company’s efforts to take its place at the forefront of the fifth-generation wireless revolution.