China's Huawei books record sales in its smartphone business
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BEIJING/HONG KONG (Reuters) - China's Huawei Technologies Co Ltd said on Thursday its consumer business sales exceeded a record $52 billion in 2018, on strong demand for its premium smartphones, even as it continued to face heightened global scrutiny of its activities.The jump of around 50 percent in the technology giant's consumer business revenue saw that unit replace its carrier business as its largest segment by sales, Richard Yu, the head of the consumer division, said in Beijing.Huawei..