Huawei grows sales to $108.5b , projects 21% growth

Huawei Technologies has outlined its 2019 growth strategy, largely focused on guaranteeing its business resilience while forecasting a 21 per cent growth this year.

In his new year’s message, Huawei Technologies Rotating Chairman, Guo Ping, described 2018 as an eventful year for the firm, while promising swift recovery from “negative conjecture and market restrictions”.

Undeterred by sparsely veiled market restrictions, Guo said Huawei last year, managed to sign 26 commercial contracts for 5G with leading global carriers, and had already shipped more than 10,000 5G base stations to markets around the world.

He said more than 160 cities and 211 Fortune Global 500 companies selected Huawei as their partner for digital transformation, affording the firm 2018 sales revenues of up to $108.5 billion.

Huawei in a statement believes that its growth in the past 10 years has worried its international competitors, being the leading networking equipment supplier in the world.

Earlier in 2018, Huawei topped Apple in the number of smartphone units shipped, and ranks only behind Samsung.

According to him, despite the intense 5G race and the US-China trade dispute, Huawei’s business performance remains strong.

“We have never stopped pushing forward, and as a result our 2018 sales revenue is expected to reach $108.5 billion, up 21 per year-on-year.

“Our business performance remains strong, and this is by far the most direct form of validation that we can receive from our customers,” he said.

Guo pointed out that as the dynamics between world powers becomes more intense, there will be greater uncertainty in the macro business environment, but the global technology firm will keep its feet on the ground, and improve the business ecosystem for the industry by, “making tangible contributions to local communities, and working to secure opportunities for fair competition.”