Huawei Achieves an Impressive Profit Growth of 28 Percent for 2017

Huawei Achieves an Impressive Profit Growth of 28 Percent for 2017

Huawei Achieves an Impressive Profit Growth of 28 Percent for 2017

"Opportunities and challenges are popping up faster than ever before, and nonstop open innovation is the only way we can keep ahead of the game", Huawei Rotating CEO Ken Hu was quoted as saying. Huawei has been steadily gaining ground in the smartphone market for years, so in all reality, the United States market doesn't really matter to the company's bottom line.

And if the company does manage to reverse those trends, it will still be a hard sell for USA consumers after several warnings from the country's defense departments. "We are committed to the USA market and to earning the trust of USA consumers by staying focused on delivering world-class products and innovation".

Yu's statement is an obvious response to the warnings that USA intelligence agencies issued against Chinese electronic products in the recent months. "We would never compromise that trust". Last month, USA lawmakers warned Americans not to buy or use Huawei products. To make matters worse, we caught them pushing fake reviews of the Mate 10 Pro on Best Buy, which was followed up by the retailer dropping Huawei's products entirely. Verizon has also backed away from the same deal. Huawei Enjoy 8, Enjoy 8e, Enjoy 8 Plus follow the March 27 launch of the company's P20 Pro and P20 in Paris.

"The security risk concerns are based on groundless suspicions and are quite frankly unfair". Yu also mentioned that Huawei now employs 1,000 people in 13 USA offices. Huawei reports the highest R&D spending of any Chinese company. Huawei says it's open to conversations with the US government as long as the talks are "based on facts". The market, at present, is dominated by both Apple and Samsung, two companies that are heavily advertised in the country.

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Huawei is now the third-largest phone maker in the world. Yu is optimistic that even without the USA market, Huawei could still make it to the top.

Huawei's enterprise business group enhanced innovations in cloud, big data, campus networks, data centres, IoT and other domains. "Even without the United States market, we'll be No. 1 in the world", he was quoted as saying after the unveiling of the new P20 series by Channel News Asia.

Clearly, Huawei wants to get its foot in the door in this market, but officials aren't making that easy.

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