As said, today, Huawei held a scheduled conference in China. At the event, the company announced a number of new and amazing products that have been launched a few days ago internationally. But like any other conference, this time, it also revealed some data concerning its performance. Usually, manufacturers like to introduce data they can boast of. But this is not the case of Huawei. It really does have many reasons to talk loudly in praise of itself.
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At the online press conference, Huawei’s consumer business CEO Yu Chengdong first announced the 2019 results. It turns out Huawei’s consumer business achieved sales revenue of 467.3 billion yuan ($66 billion), an increase of 34% year-on-year.
Though many may think 5G is the main business of the company because it has reached a number of 5G contracts worldwide, in the smartphone business it performs quite well as well. So, smartphone shipments exceeded 240 million units. In other words, it ranks second in the world. As you guess, Samsung is the first. At the same time, notebook shipments were increased by 200% year-on-year, smart wearables shipments are up by 170%, and smart audio products shipments grew by 200%.
In 2019, Huawei’s R & D expenses amounted to 131.7 billion yuan ($19 billion), accounting for 15.3% of annual sales. There are 85,000 effective patents in the world, with 90% of invention patents. As it has 3524 patent applications in the European Patent Office, in this region it ranks first.