Huawei urges US to drop 'loser's attitude' as carrier business revenue slips | IOL Business Report

  • 📰 IOL
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

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

INTERNATIONAL - China’s Huawei Technologies called on Washington to drop the “loser’s attitude” and once again rubbished US allegations its gear could be used by Beijing for spying, as its network business weakened amid mounting global scrutiny.

Huawei’s outlook has come under a cloud over the past year with the United States voicing concerns that its equipment could be used for espionage. Washington has also urged its allies to ban Huawei from building next-generation 5G mobile networks. However, the surge in its consumer business sales to a record 348.9 billion yuan, driven by demand for its premium smartphone models such as the P series and Mate series, helped push global revenue to above $100 billion for the first time.

Guo said he expects all three business groups - consumer, carrier and enterprise - to post double-digit growth this year, although he did not provide a specific number.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 46. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BUSINESS MAVERICK : China and the US: Xi and Trump miss their chance for meaningful trade reformsWhile Chinese President Xi Jinping appears to care only about maintaining political control, US President Donald Trump seems to care only about himself.
Source: dailymaverick - 🏆 3. / 84 Read more »

BUSINESS MAVERICK ANALYSIS: US Federal Reserve and a new normal for global monetary policyBUSINESS MAVERICK ANALYSIS: US Federal Reserve and a new normal for global monetary policy By Sharon Wood
Source: dailymaverick - 🏆 3. / 84 Read more »