Huawei expects 2018 revenues to expand by 21% year-on-year

Chinese vendor Huawei expects to record revenues of $108.5 billion in 2018, which would represent an increase of 21% compared to the previous year, the company said in a statement. Huawei rotating Chairman Guo Ping said that Huawei has already signed 26 commercial contracts for 5G with leading global carriers and has already shipped more than 10,000 5G base stations to markets around the world.The executive noted that the company also announced its artificial intelligence strategy and launched a full-stack portfolio of AI solutions for all scenarios. This portfolio includes AI chips as well as related products and cloud services.“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,” the executive said.“In the coming year, we will see new waves of development in digitization and intelligence, and we may very well encounter even greater difficulties. In times like this, we must summon our inner strength, improve the quality of our operations, inspire passion across the organization, and continue forging ahead to satisfy customer needs and achieve strategic leadership,” he added.“In 2019, we will focus on strategic businesses and strategic opportunities and build a more resilient business structure,” Guo Ping said.  He highlighted that Huawei has a strong track record in cyber security, emphasizing that the vendor has never posed a security threat.“Going global means complying with the laws of all countries and regions where we operate. This is the most important basis for us to survive, serve, and contribute to the world at large. We must continue to incorporate compliance requirements into all business activities through carefully aligned policy, systems, organizations, processes, culture, training, and communications.