Huawei announces that it has sold more than 240 million smartphones in 2019. Despite the sanctions of the American government, the Chinese manufacturer has managed to get closer to its initial target of 250 million sales. Thanks to the success of the P30/Mate 30 range and its 5G smartphones, the firm has broken its 2018 record.
Huawei sold 240 million smartphones in 2019
Huawei announced that it has sold more than 240 million smartphones in the past year, reports our colleagues from PlayFulDroid. It is 34 million units more compared to 2018 (206 million smartphones sold that year). Xu Zhijun, the current president of Huawei, attributes this success to the P30 and Mate 30 range. According to him, sales of the two ranges increased by 50% compared to the previous year. According to the latest news, Huawei has sold 12 million Mate 30s worldwide despite the absence of Google’s applications and services. This success is mainly due to the Chinese market.
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In a difficult context, Huawei has therefore managed to sell more smartphones than ever. The firm is even approaching its initial target (set before the Trump decree) of 250 million sales. The firm also surpasses the latest estimates from Richard Yu, head of Huawei’s consumer division. At the end of 2019, the man was cautious and bet on only 230 million phones sold. However, the company failed to honor the predictions of its founder, Ren Zhengfei. In October, the man expected 270 million annual sales.
Huawei, therefore, generated a turnover of 850 billion yuan ($123.5 billion), up 18% compared to 2018. If these figures remain impressive, the annual growth of the firm remains below expectations. Deprived of an Android license and banned from the American market, Huawei is recording slightly weaker growth than in 2018. Not surprisingly, the sanctions decreed by Donald Trump have pulled Huawei’s financial performance down. 2020 promises to be a very difficult year for Huawei if the restrictions continue. We will see how the company will perform this year.