Huawei announced a record $107 billion in revenue for 2018


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Huawei has ended 2018 with excellent results: a 19.5% increase in revenue compared to the previous year, despite the problems it had with the US government. The company has, therefore, come to earn 107 billion dollars, of which 8.8 have been of net profit, also increased by 25% compared to 2017.

As was to be expected, although it is only the first time that has happened, the flow of money has been governed by sales in the consumer market, sales that have reached 52 billion dollars, which means that the company had an enormous 45.1% growth in earnings from this sector. The credit is certainly attributable to the over 200 million smartphones sold in just one year.

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Of course, the revenues from what had previously been Huawei’s main division is that of network equipment, which billed a good 43.9 billion dollars, were slightly less than 44.4 billion in 2017 due to the walls that have been raised by states like the USA, Australia, England and New Zealand.

This positive trend is certainly not destined to be reversed during 2019: Huawei has in fact already seen its revenue increase in January and February by 30% compared to the same period in 2018.

Source :

cnbc

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