Huawei made bumper profits in 2018, but reported negative growth in its carrier business (the segment that provides telecommunications products to carriers around the world) -- a potential sign of strain in the face of a US-led campaign against the company
Shenzhen, China Huawei made bumper profits in 2018, but reported negative growth in its carrier business -- a potential sign of strain in the face of a US-led campaign against the company.
The Chinese tech company reported Friday that its annual profit jumped 25% to 59.3 billion yuan , down from 28% growth the previous year.Sales increased by 19.5% to about 721 billion yuan -- missing earnings forecast by the company earlier this year. Huawei is the world's largest telecommunications equipment maker, and a leading smartphone brand that is growing faster than Samsung and Apple .
Huawei suing US government over federal ban 02:35 The United States has been leading an effort to curb Huawei's ambitions to become the global leader of next generation wireless technology, or 5G.Washington has been urging allies to restrict or ban the use of Huawei equipment in their 5G networks, alleging Beijing could use the company's products to spy on other nations. Huawei denies that any of its products pose a national security.The US campaign is having mixed results.
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