Huawei sees a ‘difficult year’ ahead as Washington keeps up pressure GlobeBusiness
“It’s going to be a difficult year for us,” he wrote, calling on the company’s more than 190,000 employees “to work hard and go the extra mile to bring their capabilities to a new level.”No one is predicting Huawei’s demise. The unlisted company, a major maker of both mobile transmission equipment and handsets, estimated that 2019 sales would rise to more than 850 billion yuan .
Huawei, based in the tech hub of Shenzhen in southern China, typically releases its official and audited annual financial results in March. Zou noted that Huawei enjoys a relatively good reputation outside of the U.S. and will benefit from its leading position in the still nascent 5G market. The U.S. government says Huawei technology poses a security risk and has urged other countries not to buy its 5G mobile network equipment. It has also put Huawei on its entity list, blocking U.S. technology sales to the company. Huawei denies the allegation.Calling difficulty the prelude to greater success, Xu said America’s “strategic and long-term” campaign against Huawei is an opportunity to build up some muscle and build capabilities to navigate future challenges.
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