Huawei consumer devices are marking a sole business territory. According to a yearly report, Huawei in 2018 made a total profit of $8.8 billion. However, Huawei’s revenue in 2018 skyrocketed to more than $100 billion. The report confirmed that it was $108 billion.
It’s the first time ever that the Chinese manufacturer has crossed the hallmark of $100 billion, only because of its smartphone division. Their market growth increased to 19.5 percent, despite the intimate relation difficulties they are facing with the United States.
HUAWEI’S REVENUE IN 2018 SKYROCKETED TO $108 BILLION
The carrier division dropped to 1.3 percent but the company’s 52 percent of the sales are dependent on the China market. The Chinese manufacturers in 2019 can face downhill, because of its scrutiny in the entire world.
Australia recently banned Huawei’s 5G equipment in the Country. The United States is also looking to ban the entire range of Products because of the raised suspicion that they are backing the Chinese Government in the Chinese Manufacturers network integration.
In the company’s financials, the sales were the majority of the smartphone division. The smartphone division made a reported revenue of $52 billion.
Huawei launched some of the best devices in 2018 like Mate 20 Pro, P20 Pro, Honor View 20 and a range of affordable mid-range smartphones.
The company started off 2019 with its flagship P series with quadruple cameras, P30 Pro and a digital 50X zoom. The rate at which company is going right now, this growth is less likely to be slowed down.
In the consumer business division, the company’s growth increased by 45 percent as a year-to-year growth. In 2018, Huawei sold more than 200 million smartphones, so far. And with a push start of the best camera smartphone, P30 Pro in 2019, Huawei hopes to perform well. Their sales are extremely well in the statistics of the first two months, January and February of 2019.