Huawei urges US to drop 'loser's attitude' as carrier business revenue slips

HONG KONG: China's Huawei Technologies called on Washington to drop the"loser's attitude" and once again rubbished U.S. allegations its gear could be used by Beijing for spying, as its network business weakened amid mounting global scrutiny.

For 2018, the Shenzen-based firm reported a net profit of 59.3 billion yuan , up 25 percent from a year ago, versus a 28 percent rise in 2017. Revenue from its carrier business fell 1.3 percent to 294 billion yuan, which it blamed on telecommunications industry investment cycles. The performance of consumer business was in line with what Huawei flagged in January, when it also said it could become the world's biggest-selling smartphone vendor this year.

"Moving forward, we will do everything we can to shake off outside distractions, improve management and make progress towards our strategic goals," Guo said.

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