China’s Huawei says 1Q sales up 39%

Ren Zhengfei founder and CEO of Huawei laughs during a round table meeting with the media in Shenzhen city south China's Guangdong province Tuesday Jan. 15 2019. The founder of network gear and smart phone supplier Huawei Technologies said the tech

Ren Zhengfei founder and CEO of Huawei laughs during a round table meeting with the media in Shenzhen city south China's Guangdong province Tuesday Jan. 15 2019. The founder of network gear and smart phone supplier Huawei Technologies said the tech

Despite the USA efforts, Huawei managed to sign 40 commercial 5G contracts with carriers worldwide. It has filed a lawsuit earlier this year, challenging a US law that has banned federal agencies from purchasing its products.

Huawei is a private company, so these numbers are not audited.

The CIA's claims, if corroborated, do not necessarily show that Huawei is spying, but they would suggest that the company was receiving some guidance from the Chinese intelligence media. In fact, in Q1, the company says it shipped a massive 59 million smartphone units.

Huawei Technologies shrugged off efforts by the U.S. government to stop other nations using its technology, with revenue jumping on shipments of phones, 5G equipment and other products.

Chinese tech giant Huawei said Monday its revenue rose 39% over a year earlier in the latest quarter despite US pressure on allies to shun its telecom technology as a security risk. Although Huawei refuses to "comment on unsubstantiated allegations backed up by zero evidence from anonymous sources", it continues to chase legal action against the U.S. government for supposedly unfair penalisation the company. The company has said the concerns are unfounded. It is understood that a range of outcomes have been examined in it regarding Huawei's involvement in 5G, ranging from no action to an outright ban.

The newspaper describes the allegations as the "most serious claim" linking Huawei to the Chinese government. This is a significant development given that Huawei has set the target of shipping over 250 million smartphones this year.

The Chinese firm, which is also the world's No. 3 smartphone maker, said last week the number of contracts it has won to provide 5G telecoms gear increased further despite the USA campaign. Huawei's well-regarded smartphones are not sold by any United States carriers as a result of the security concerns.

Over the weekend, Huawei was accused of being on the Chinese government's payroll, once again.