CEO and Founder of Huawei, Ren Zhengfei, recently said that 2019 could be a difficult year for Huawei, and however the company, is targeting US $ 125 billion in revenue for the whole year. Huawei has not released its total revenue for 2018 yet, but Eric Xu, one of the rotating chairmen at the technology giant, told reporters recently that in November 2018 that sales would top US $ 100 billion.
“In 2019 we might face challenges and difficulties in international markets. That is why I said our growth next year would be less than 20 percent,” Ren said.
Speaking to reporters Ren further said that over the past 30 years, Huawei products have been used in more than 170 countries and regions, serving more than 3 billion users in total.
“In total, we have been granted 87,805 patents. In the United States, we have registered 11,152 core technology patents. We are actively involved in 360+ standards bodies, where we have made more than 54,000 proposals”, Ren pointed out.
“Of course, there is no way we can control their choice” Ren said adding that in terms of 5G, Huawei has signed 30-plus commercial contracts todate, and they have already shipped 25,000 5G base stations.
“We have 2,570 5G patents. I believe that, as long as we develop very compelling products, there will be customers who will buy them” he said.
“When it comes to cybersecurity and privacy protection we are committed to be sided with our customers. We will never harm any nation or any individual,” Ren told the journalists assembled at Huawei’s headquarters in Shenzhen, China.
“Ever since we were a relatively small company, with just several hundred employees, we have focused all of our efforts in one direction. Even as we grew larger, to several thousand, tens of thousands, or even today with over 100,000 employees, we have maintained the same focus as we move forward” Ren emphasized.
He further noted that Huawei’s annual R&D (Research and Development) investment has reached US $ 15 to US $ 20 billion and that over the next five years, Huawei is going to invest a total of more than US $ 100 billion into R&D.
“Public companies, however, are unlikely to do this, because they focus on making their balance sheets look good.
What matters more to Huawei is the future industry structure.
Our decision-making system is different from public companies. It is very simple, and we are working hard to make the information society a reality” he noted.
“Today, the total number of shares that I personally have within Huawei is 1.14%, and the stake that Steve Jobs had in Apple was 0.58%. That means there is still potential for my stake to be further diluted. I should learn from Steve Jobs” Ren added.
“This is a compelling solution that makes a lot of economic sense. It works best for sparsely populated rural areas,” he concluded.
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