Forget controversies, Huawei is actually making billions

Huawei may seem like a troubled company on the outside but have a look at its latest financial results and it is anything but thriving.

China-based telecom equipment manufacturer posted USD 107.4 billion in revenue in 2018, a 19.5 percent growth as compared to the previous year.

As Mashable reports, for the first time, Huawei surpassed the USD 100 billion yearly revenue mark. Net profit recorded at USD 8.8 billion, a 25.1 per cent year-on-year increase.

Huawei is in a continued battle with the US government over spying concerns. The company's CFO is under house arrest over fraud allegations, and a damaging report issued by the UK government has claimed that the company's software is buggy and insecure.

Despite all this, Huawei managed to sell more than 200 million phones in 2018, and ended the year as the third largest smartphone maker by shipment, after Samsung, and Apple.