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June 30, 2025
At a recent press conference in China, viaReuters, HUAWEI rotating CEO Eric Xu, pictured above, revealed that the company is doing incredibly well financially so far this year, despite attempts by the United States to encourage other countries to institute bans ofHuaweiequipment.
Xu’s joke refers to the United States government’s repeated attempts tosway other countries from using HUAWEI equipment. These attempts, combined withcriminal investigationsagainst the company, have kept HUAWEI in the news more than ever over the past year. Even though U.S. citizens can’t buy HUAWEI smartphones in their home country, it’s a safe bet that they’ve learned more about HUAWEI this year than in any year prior.
Prior to the joke, Xu talked seriously about HUAWEI’s staggering growth. According to Xu, Huawei’s revenue jumped 36 percent over the first two months of 2019 and was set for a 15 percent annual spike to $125 billion.
On Friday, HUAWEI will hold one of the largest press conferences in its history to give detailed financial reports for 2018. Based on Xu’s comments, the 2018 report is expected to show the company is only getting bigger and more successful.
This growth and success happening despite the objections of the United States is further proof that HUAWEI is a telecom juggernaut.
So far,only Australiahas joined the U.S. when it comes to banning HUAWEI equipment. However, in Australia’s case, it is only partially banning HUAWEI, while the U.S. has a full ban in place. No other countries have committed to full or partial HUAWEI bans, and Xu says he doesn’t expect any others will.
“Recently, we are seeing a large number of countries making their own decisions,” Xu said.
Xu also said that he doesn’t expect the U.S. to attempt to ban the distribution of U.S. products to HUAWEI. A ban like that befell HUAWEI competitorZTElast year and nearly destroyed the entire business. However, President Donald Trumpstepped in at the last minuteand lifted the ban, saving ZTE.
NEXT:AT&T CEO talks tough about HUAWEI, 5G, and ‘being cautious’
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