Huawei defends security record as annual sales top US$100B

Guo Ping's comments came as Huawei Technologies Ltd., the biggest global maker of network equipment for phone and internet companies, announced last year's sales surpassed $100 billion despite U.S. pressure on American allies to shun it as a security threat.

Guo didn't respond directly to the British report's criticisms but said Huawei will work with regulators to improve security. He noted the company has promised to invest $2 billion over five years to improve its software engineering and expressed confidence British regulators will "increase their confidence" in Huawei over time.

Huawei is at the centre of U.S.-Chinese tensions over technology and accusations of cyber-spying and violating trade sanctions on Iran. Australia, Japan and Taiwan have imposed curbs on use of Huawei technology, but Germany, France and other governments are balking at U.S. demands to exclude it from 5G networks. Carriers complain that would reduce competition, raise prices and delay the rollout of 5G service.

Chinese officials and some industry analysts have suggested the Trump administration might be exaggerating security concerns to hinder a competitor to U.S. tech brands. Despite that, Huawei's sales last year rose 19.5 per cent over 2017 to 721.2 billion , according to Guo. That was driven by double-digit gains for its consumer and enterprise units, while sales of network gear to phone and internet carriers were unchanged at 294 billion yuan .Guo blamed weak network gear sales on a temporary lull in investment by carriers. He expressed confidence 5G sales will take off this year.

Atleast*

What pressure? All this huawei nonsense has been atlwast widely known within 6 months. Wait for 2019's numbers.

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