Huawei released its 2018 Annual Report today. Despite the growing 5G-related geopolitical spat it has found itself in and U.S. efforts to curtail its business, Huawei reported $107 billion in total revenues for the 2018 financial year, up 20% year-on-year. Its net profit grew 25.1% year-on-year.
Profits are mostly driven by Huawei’s booming smartphone business which is currently growing faster than Samsung or Apple.
Luka Ivezic is an independent consultant and author exploring geopolitical and socioeconomic implications of emerging technologies such as 5G, Artificial Intelligence (AI) and Internet of Things (IoT). To better observe policy discussions and societal attitudes towards early adoptions of emerging technologies, Luka spent last five years living between US, UK, Denmark, Singapore, Japan and Canada. This has given him a unique perspective on how emerging technologies shape different societies, and how different cultures determine technological development.