Huawei Technologies’ Rotating Chairman Guo Ping said in his new year’s speech that the Chinese tech giant’s revenue in 2018 is expected to be $108.5 billion, up 21 percent year-on-year. He said that Huawei has secured 26 5G contracts till now. Smartphone shipments in 2018 are also expected to surpass 200 million units. Huawei is currently the world’s largest telecom equipment maker and the second largest smartphone seller.
Gu Ping, rotating chairman of Huawei said, “More than 160 cities and 211 Fortune Global 500 companies have selected Huawei as their partner for digital transformation. We have shipped more than 200 million smartphones, and have made remarkable breakthroughs in both our PC business and IoT ecosystem for smart homes. Huawei Cloud has launched over 140 cloud services in 18 categories, and we are working with our partners to serve global customers with 37 availability zones across 22 regions. This year Huawei also announced AI strategy and launched a full-stack portfolio of AI solutions for all scenarios.”
“Our business performance remains strong, and this is by far the most direct form of validation that we can receive from our customers. It is also our best response to negative conjecture and market restrictions. Here I would like to thank all of our customers and partners, as well as the public, for your trust and support. Thanks to our employees for your incredible, hard work. No matter what changes we might face, our procurement strategy will remain unchanged. We will keep our policy consistent especially for our US suppliers and firmly collaborate with them for shared success. In the coming year, we will see new waves of development in digitization and intelligence, and we may very well encounter even greater difficulties. If we can develop the simplest possible network architecture, make our transaction models as simple as possible, ensure the highest level of cyber security and privacy protection, produce the best products, and provide the best services, no market can keep us away.”
In his speech, Guo Ping said about Huawei’s core business and future operational strategy. He said, “The Carrier Software & Core Network Business Dept has set a benchmark for other departments in terms of both organizational and business transformation. In 2019, we will fully enhance our software engineering capabilities to build trustworthy, quality products. Our products and solutions have earned the trust of our customers in more than 170 countries and regions. We have a very strong track record in cyber security. Huawei has never and will never present a security threat. We will hold ourselves to the highest standards, placing cyber security and privacy protection at the very top of our agenda.”
Guo Ping finished his speech saying, “Over the past three decades, we have served our customers with religious devotion, working closely with them and our partners to bring telecommunications technology beyond the confines of ivory towers and labs and give it practical application in cities and remote regions the world over. By doing this, we are bridging the digital divide between developed and underdeveloped countries and regions, and connecting more than three billion people around the world. We can proudly say that we have left a profound impact on the course of human civilization. Today, as an important leader and contributor in the ICT industry, Huawei is now a member of more than 380 industry organizations, where we serve in 300+ key positions and submit more than 6,000 proposals each year. I have no doubt that we will achieve what we’ve set out to do: to bring digital to every person, home and organization for a fully connected, intelligent world.”