Huawei reported revenue of $98.6 billion in the first three quarters of 2020, an increase of 9.9% over the same period last year.
American networking technology giant Cisco leads the router market with 63.1 per cent market share, followed by Nokia and Juniper.
At the recently held 5th Huawei Asia-Pacific Innovation Day, the company emphasised that as a ubiquitous technology, 5G is the cornerstone of a smart world in which everything is connected.
ZTE cybersecurity lab will offer its global customers, regulators and different stakeholders with security assessment and audit services, such as source code reviews on ZTE products including 4G and 5G.
Huawei said it will invest 35 million Euros in its Paris OpenLab over five years. Speaking at the VivaTech Conference in Paris, Huawei Deputy Chairman Ken Hu said the investment showed confidence that France was on the way to become a global innovation hub.
Huawei overtook Apple as the second largest selling smartphone brand in Q1 2019 as its volumes increased by nearly 50% year-on-year (YoY).
Huawei said that its intelligent storage has gained 40% compound annual growth rate (CAGR) from the year 2012 to 2018.
Apple will continue to dominate the market. However, Samsung, Huawei, and traditional wireless headset manufacturers will grow alongside new entrants
Ahead of Mobile World Congress 2019, Barcelona, Huawei has released a series of solutions for autonomous driving mobile networks at a pre-MWC 2019 briefing in London.