Huawei Annual Revenue Crosses $100 Billion for the First Time

It seems like 2018 has become the successful year for Huawei as Huawei Annual Revenue Crosses $100 Billion for the First Time. Huawei Technologies released its financial reports from 2018 which show an increase of 19.5% over 2017. The company’s smartphone sales revenue has increased by 25.1% over the previous year. It reported a strong sales revenue of CNY 721.2 billion or $107.13 billion. No doubt, it is really good news for Huawei.

Huawei Annual Revenue increased by 25.1% over the previous year

Not only this, but Huawei also reported a 28% increase in net profits at $8.8 billion for 2018 versus only a 0.4% increase in 2017 over 2016’s profits. Last year was a great one for the Chinese company too. But this year the company show incredible growth.

This is just because Huawei is kept on introducing new smartphones as per users’ requirements. Recently, Huawei Consumer Business Group (CBG) unveiled the Huawei P30 and Huawei P30 Pro. The Huawei P30 Series devices are the company’s most advanced camera smartphones to date, rivaling professional cameras, with the innovative Huawei SuperSpectrum Sensor, an extreme optical HUAWEI SuperZoom lens, a new Time of Flight (TOF) camera, and better OIS and AIS image stabilization technology. With the P30 or P30 Pro in hand, users can capture incredible photos and videos in every scenario.

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Onsa Mustafa

Onsa is a Software Engineer and a tech blogger who focuses on providing the latest information regarding the innovations happening in the IT world. She likes reading, photography, travelling and exploring nature.
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