Huawei's revenue hits record $122B this year despite U.S. sanctions, forecasts 'difficult' 2020

Huawei reported resilient revenue for 2019 on Tuesday as the embattled Chinese technology group continues to grow despite prolonged American campaign against its business, but cautioned that growth next year could prove more challenging. Eric Xu, Huawei’s rotating chairman, wrote in a New Year's message to employees that the company's revenue has topped 850 billion Chinese yuan ($122 billion) this year, a new record high for the Chinese group and an 18% increase over the previous year. Xu said Huawei, the second largest smartphone maker globally, sold 240 million handsets this year, up from 206 million last year.

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