For 2018, Huawei announced that revenues passed $100 billion and earnings up by 25%.

The Chinese vendor today announced a net profit of 59.3 billion yuan ($8.66 billion), up 25% on 2017 figures, and hailed revenue growth of 19.5%, to RMB721.2 billion ($105.2 billion).

Huawei’s battle with the US is having an impact.  Operating cash flow is down by 22.5% to RMB74.7 billion ($11.1 billion) and inventory has spiked 28% to RMB375 billion ($55.9 billion), the annual report shows.

The results reveal Huawei’s success in the handset division.  Handset sales overtook the carrier unit for the first time, with sales rising 45% to RMB349 billion ($52 billion). Huawei is now the clear number two smartphone brand by units shipped, trailing only Samsung in this market.

By contrast, the core carrier business shrank 1.3%, to RMB294 billion ($43.8 billion), accounting for just 41% of total sales.

Overall, Huawei’s results would still be the envy of many western telecom gear manufacturers.

You can see Huawei’s announcement at

TruePulse buys and sells surplus and refurbished telecommunications equipment, including Huawei, Nortel, Ciena, Lucent, Fujitsu, Tellabs and Transition Networks.

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