6 years ago

Huawei's urges the US to drop 'loser's attitude' as its reiterates allegations for spying

Huawei’s network business first drop in revenue in two years causes slower pace of profit growth for 2018. China’s Huawei Technologies called on Washington to drop the “loser’s attitude” and once again rubbished U.S. allegations its gear could be used by Beijing for spying, as its network business weakened amid mounting global scrutiny. Huawei reported a slower pace of profit growth for 2018 as its network business saw its first drop in revenue in two years, overshadowing a robust 45 percent jump in its smartphone unit. “We have no intention of committing suicide.” Huawei derived 48.4 percent of its business from overseas markets in 2018, versus 49.5 percent a year earlier.

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