Here’s proof Huawei is now a titanic consumer brand

Huawei has announced record financial results for the past year. The company's revenues increased to $ 105 billion, an annual increase of 20 percent, while profits increased by 25 percent to $ 8 billion. The New York Times notes that the results place Huawei in the same league as Google and Microsoft, which both surpassed the $ 100 billion milestone last year.

The solid results were driven by a massive 45 percent growth in revenue for the Huawei smartphone division. As a whole, the consumer electronics unit accounted for almost half of the company's revenues during the past year, generating around $ 52 billion in revenues from flagship phones such as the Mate 20 Pro and the P20 Pro. [19659003] "Cybersecurity and protection of user privacy are at the top of our agenda"

Revenues from the Huawei operator technology division were weaker. Reuters notes that this unit's revenue fell 1.3 percent last year, although Huawei explained that the drop was due to telecom investment cycles. Huawei is not a publicly traded company, but publishes annual audited financial results. However, the company's intense global scrutiny could create more challenges for this division in the future, especially if the use of Huawei's equipment in the upcoming 5G networks is prohibited.

EE. UU It is currently considering a ban, while a report prepared by a UK government watchdog raised serious concerns about Huawei's computer security practices. Australia has also banned the use of the company's equipment in its next-generation network, while the EU will leave the decision in the hands of its individual member states.

Huawei has repeatedly denied accusations that he would be willing to spy on behalf of the Chinese government, and has said he takes privacy and security seriously. In the publication of today's results, it was said that "cybersecurity and protection of the user's privacy are at the top of the agenda [its]."

The company's rotating president, Guo Ping, admits criticism from the US government. UU They have caused "a certain amount of problems." "For the company, but he is willing to minimize these concerns." He compares the United States to a rude dinner guest. "We Chinese would say they do not care about their manners. at the table, "Guo said," I feel really bad for these supposed gentlemen. "