Chinese vendor Huawei expects to reach total revenues of CNY850 billion ($121.6 billion) in 2019, which would represent an increase of approximately 18% year-on-year, Huawei’s rotating Chairman Eric Xu said in a statement.
“These figures are lower than our initial projections, yet business remains solid and we stand strong in the face of adversity,” the executive said, referring to the ban implemented earlier this year by the U.S. government.
“Despite concerted efforts by the U.S. government to keep us down, we’ve made it out the other side and continue to create value for our customers,” he added.
