Huawei’s making tons of money, despite everything


Huawei’s financial results for 2018 are out, and the Chinese tech giant is making a killing. 

The company posted 721.2 billion yuan ($107.4 billion) in revenue — 19.5 percent growth compared to 2017, and the first time the company surpassed the $100 billion yearly revenue mark. Net profit was 59.3 billion yuan ($8.8 billion), a 25.1 percent year-over-year increase. 

And yet, Huawei’s shunned by the U.S., the company CFO remains under house arrest under allegations of fraud, and a British government-led committee just released a scathing report saying the company’s software may be buggy and insecure. Read more…

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Huawei’s making tons of money, despite everything