Huawei expects 21% sales growth in 2018

Huawei Technologies projected a year-on-year growth of 21 percent in sales in 2018, marking a faster expansion than last year, despite the difficulties it is experiencing.

The company said on Thursday it is forecast to record $108.5 billion in sales in 2018, driven by strong growth in its smartphone and digitalization businesses. In comparison, Huawei's revenue expanded at only 15.7 percent in 2017.

The business results highlight global clients' recognition of Huawei and they are the best responses to security allegations against the company, said Guo Ping, rotating chairman of Huawei, in an internal letter.