Huawei says 2018 sales top $100B despite US pressure

SHENZHEN, China: Chinese tech giant Huawei says its 2018 sales surged above $100 billion, though sales of network equipment were flat amid U.S. warnings to other governments that its telecom technology is a security risk.

Huawei Technologies Ltd. said Friday that sales rose 19.5 percent over 2017 to 721.2 billion yuan ($105.2 billion). That was driven by double-digit gains for its consumer and enterprise units, while the company said sales to phone and internet carriers were unchanged at 294 billion yuan ($62.3 billion).

Huawei, the biggest global maker of switching gear used by phone and internet companies, denies U.S. accusations it facilitates Chinese spying.