Huawei posts 39% increase in revenue, claims more 5G firsts

Ruben Fields
April 26, 2019

Huawei Technologies has reported an 39% increase in revenue for the first quarter this year to RMB 180 billion on strong smartphone shipments.

Mr Guo Ping, rotating chairman of the company, has said he expects all three business groups - consumer, carrier and enterprise - to post double-digit growth this year.

Huawei also said on Monday it had shipped 59 million smartphones in the first quarter.

According to The Times, a source informed it that the CIA has accused Huawei of receiving funding from China's National Security Commission, the People's Liberation Army, and a third branch of the Chinese state intelligence network.

The U.S. even went as far as convincing its allies to ban, if not regulate, Huawei's business in their territory. The Chinese tech giant has been accused of espionage by the U.S., which has also maintained its position that its network equipment could precipitate security breaches.

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The U.S. campaign has been urging its allies to block the use of Huawei's products in their 5G services. As of February, the company was able to close 40 commercial contracts to build 5G infrastructures for some of the world's leading carriers.

The allegations have caused for alarm for the United Kingdom, who are still trying to decide if a Chinese telecom company building the Isles' 5G network is a good deal- or a massive security risk.

Huawei also notched a new technical milestone this week, announcing that it had made the world's first 5G telematics module for cars and deployed the first 5G-enabled access point for Wi-Fi 6, a new standard of wireless internet that can quadruple a network's bandwidth.

Huawei was shut out of the U.S. past year and had all of its plans to break into that market rendered futile.

"As an important communication product for future intelligent auto transportation, this 5G vehicle module will promote the automotive industry to move towards the 5G era". "Based on this chip, Huawei has developed the world's first 5G vehicle module with high speed and high quality", it said.

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