5G Security News

Defiant Huawei reports 25% profit growth

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.

More https://www.lightreading.com/mobile/5g/huawei-boasts-of-bullish-growth-in-2018-annual-report/d/d-id/750521

Avatar of Marin Ivezic
Marin Ivezic
Website | Other articles

For over 30 years, Marin Ivezic has been protecting critical infrastructure and financial services against cyber, financial crime and regulatory risks posed by complex and emerging technologies.

He held multiple interim CISO and technology leadership roles in Global 2000 companies.

Related Articles

Back to top button
Share via
Copy link
Powered by Social Snap