Huawei Tops $100 Billion Revenue For First Time Despite Political Headwinds (cnbc.com) 39
An anonymous reader quotes a report from CNBC: Huawei's revenue grew 19.5 percent in 2018, surpassing $100 billion for the first time, despite continuing political headwinds from around the world. Sales came in at 721.2 billion yuan ($107.13 billion) last year. Net profit reached 59.3 billion yuan, higher by 25.1 percent compared to a year ago. The revenue growth was faster than that seen in 2017, but the net profit rise was slightly slower.
Huawei's numbers are a bright spot for the firm, which has faced intense political pressure. The U.S. government has raised concerns that Huawei's network gear could be used by the Chinese government for espionage. Huawei has repeatedly denied those allegations. Sales in its carrier business, which is its core networking equipment arm, reached 294 billion yuan, slightly below the 297.8 billion yuan recorded in 2017. The real driver of growth was the consumer business, with revenue for that division rising 45.1 percent year-on-year to reach 348.9 billion yuan. For the first time, consumer business is now the biggest share of Huawei's revenue.
Huawei's numbers are a bright spot for the firm, which has faced intense political pressure. The U.S. government has raised concerns that Huawei's network gear could be used by the Chinese government for espionage. Huawei has repeatedly denied those allegations. Sales in its carrier business, which is its core networking equipment arm, reached 294 billion yuan, slightly below the 297.8 billion yuan recorded in 2017. The real driver of growth was the consumer business, with revenue for that division rising 45.1 percent year-on-year to reach 348.9 billion yuan. For the first time, consumer business is now the biggest share of Huawei's revenue.
Re: not suprising (Score:1)
Trailing industries? Huawei stole the IP needed to get them where they are, some of which was FROM US tech companies, lol. They are also government subsidized.
If people want to enable and empower that kind of thing, so be it. But acting like they are benevolent masters of tech is a joke.
The Dogs Will Bark But the Caravan Marches on (Score:2, Interesting)
...The revenue growth was faster than that seen in 2017... For the first time, consumer business is now the biggest share of Huawei's revenue.
I personally didn't know much about Huawei till the fella in the White House started blabbing about it.
Way to go Huawei. Like Putin once said (I'll paraphrase), "Let the dogs bark, you march on..."
Be careful though, you may be prevented from using Android - ask ZTE! about this.
Re: (Score:1)
I personally didn't know much about Huawei till the fella in the White House started blabbing about it.
If the US is so shrill in denouncing Huawei, they must have a reason.
Most likely Huawei's is the only router the NSA can't crack.
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Re: "Shanghai" Bill is a liar hundreds of times o (Score:1)
Yes, but they just dump that block of text after every post that Shankhi makes. It's a near zero effort action. Like the barking of a neighbor's dog it is something you just ignore. Unless you're feeling like being trolled.
Re: The Dogs Will Bark But the Caravan Marches on (Score:1)
Exactly. Given how much the US likes to compromise communications it is highly likely Huawei gear is more proof to it.
From the US we have a consistent tale of Lie Lie. Russia don't interfer with Venezuela but hey it's fine the US try to overthrow the government. The Venezuelan people are suffering couldn't have anything to do with over a decade of sanctions?? Invade weaker nations at will. No regard for international laws. A pure criminal at work is the US.
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The way I see it is that the USA Patent mess has made it too hard to US firms to lead economically. Tax evasion rules mean manufacturing will be done outside the USA, so transferring generic knowledge, often more to other countries.
Same with medicines and research. nobody wants to spend money on real R&D is patent trolls create uncertainty. Good ideas die on the business assessment and risks table. Yeah, they know there is evergreening. If they don't cooperate, someone else will eat their lunch. enter
Official Brtish criticism should be the big news (Score:4, Informative)
Having been given access to their source code, the British judgement seems to be that it is truly and irredemably awful and so should be rejected for 5G for THAT reason rather than alleged Chinese government issues. Of course this may explain why their finance director was carrying Apple equipment when arrested in Vancouver...
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Having been given access to their source code, the British judgement seems to be that it is truly and irredemably awful
Have the Brits looked at any other commercial closed source software?
It is all awful.
Why are they bad again? (Score:4, Interesting)
I keep seeing stories about how the 5 Eyes kinda agree that Huawei isn't a great thing for the world. I still have yet to see exactly why this is true.
In practice, I have not seen their devices pinging home. I have never found audio files being stored from the hidden microphone in the power supplies. I have not seen that their devices have any more security holes than anyone else's. I have not seen any evidence that their products are inferior from a technical perspective. Technically, you can break Cisco equipment just as much as you can break Huawei equipment.
Did I miss a news day? Did I miss a new routing protocol that secretly routes network equipment information over SSL through QQ? Is it that I can't read Chinese comments in code? I have yet to find the kill code routine for all Huawei devices in their code. Why again are we scared of Huawei?
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Good night. Don't let the boogeyman bit - Kate Danley
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If I remember correctly the story was about devices installing firmware updates over plain http which meant that a mitm could intercept and install custom firmware. It wasn't malicious though, it was just lazy.
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I've dealt with their wireless modems, and some of their network infrastructure equipment. The quality of the software they produce is terrible, and what's even worse is their attitude when you report issues. They will try to deflect, blame the customer, deny issues, and even resort to accusing you of racism. Then they'll go and fix the issue, and not mention it in the release notes for the update. You need to re-test everything yourself to work out if/when an issue is fixed.
I don't believe they're spyi
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They've stolen IP from several companies. Their OS was a direct copy of IOS. Their device manuals were word for word copies of Cisco documentation. How's that for starters?
60 Minutes [youtube.com]
Economic Reality (Score:3)
Follow The Money (Score:2)
Makes ya wonder.. If fear of Huawei, led to Apple whispering in the ears of select politicians... What exactly does ~$7M a year in lobbying buy you?
Re: Follow The Money (Score:1)
The main thing to recognize is that Apple has grown to be a big mediocre company, like General Motors or Emerson Electric. Their place in the market is the plodding middle. At this point iPhones are boring shit, like Corvettes.