Huawei announced $ 107 billion in revenue in 2018

Huawei announced $ 107 billion in revenue in 2018

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Huawei has posted one of the most successful years in its history and has positioned itself as the world’s second largest smartphone maker. Following Apple’s forever from this position, the next goal is to do it with Samsung.

The company even believes it is possible to become a leader in the mobile industry before the end of the year. Huawei officially announced its financial results in the past year, proving their impressive performance for the period.

The Chinese giant announced revenue growth of 19.5%, compared to the results registered a year earlier. The biggest contributor to these figures is the smartphone business, where sales rose 25.1% in the past 12 months.

However, the most impressive part of Huawei’s financial report is revenue-related, as the company made $ 107.1 billion in the calendar year 2018. In fact, this is the first time Huawei managed to pass the $ 100 billion threshold within a year, announced the company.

The company increased its net income by 28% for a period of up to $ 8.8 billion. Just one year earlier, this figure was only 0.4%. We have every reason to expect Huawei’s good performance to continue with full force this year.

Despite the intensified China-US relationship over the trade war between the two countries, these processes appear to be insufficient to seriously affect Huawei’s negative plan. We will see if they will succeed in repeating their success in 2019.

Huawei announced $ 107 billion in revenue in 2018

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