Huawei announced its quarterly results for the first time this week. Despite suspicions from the United States and other countries about possible safety risks in its equipment, the Chinese manufacturer continues to grow.
Huawei is not a listed company and, according to CNBC, has never published quarterly results before. The fact that it is now doing so seems to be a clear response to unsubstantiated suspicions from the United States that its equipment is unsafe. The Chinese manufacturer can show nice growth figures.
Huawei recorded in the first quarter of 2019 a total turnover of 179.7 billion yuan, converted sun 23.8 billion euros. That is an increase of 39% compared to the same period a year earlier. The smartphone branch has shipped 59 million smartphones in the past three months.
In a press release, the network specialist announces that 2019 will be a year of large-scale 5G deployments worldwide, providing unprecedented growth opportunities for its network business. By the end of March, Huawei said that it had already concluded 40 commercial 5G contracts and shipped more than 70,000 base stations, with an expectation of 100,000 by May.
Huawei had already been able to present positive annual figures for 2018. The spying increases from the United States therefore seem to have little impact on Huawei’s results. The US tried to put pressure on friendly countries to keep the Chinese manufacturer out of their 5G networks, but for the time being it did not receive much support. The United Kingdom and Germany, among others, currently see no reason to ban Huawei equipment, and the Belgian cybersecurity centre came to a similar decision.
Huawei denies the accusations and points out that the US has still not put any evidence on the table. Various top management figures have already spoken out publicly about the case, including the otherwise so media-savvy founder, Ren Zhengfei. In addition, the company promises to be more transparent in the future. It recently opened a Cyber Security Transparency Centre in Brussels.This news article was automatically translated from Dutch to give Techzine.eu a head start. All news articles after September 1, 2019 are written in native English and NOT translated. All our background stories are written in native English as well. For more information read our launch article.