Huawei achieves USD 106 billion revenue in 2018

Huawei posted strong business growth in 2018 with sales revenue rounded off at USD 106 billion, up 19.5% year-on-year; its net profit reached USD 8.7 billion, up 25.1% year-on-year. In 2018, the company invested USD 14.9 billion (14.1% of its sales revenue) in R&D, ranking fifth globally in The 2018 EU Industrial R&D Investment Scoreboard.

Guo Ping, Huawei’s Rotating Chairman

Over the last ten years, Huawei’s R&D expenditure has reached more than USD 70.5 billion. According to official data released by the World Intellectual Property Organization (WIPO), Huawei filed 5,405 patent applications to this organization in 2018, ranking first among all companies globally.

Guo Ping, Huawei’s Rotating Chairman, said, “Information communications technology is rapidly working its way into every industry. This has triggered a digital, intelligent transformation – the driving force behind our digital economy. Through heavy, consistent investment in 5G innovation, alongside large-scale commercial deployment, Huawei is committed to building the world’s best network connections.”

In its carrier business, Huawei launched its latest 5G and SoftCOM AI solutions, 2018 also saw ongoing innovation in domains like premium home broadband and the Internet of Things (IoT), helping carriers seize new growth opportunities. In 2018, the sales revenue of Huawei’s carrier business reached USD 43.2 billion, roughly the same as the year prior.

In its enterprise business, Huawei continued providing cloud, big data, artificial intelligence (AI), and IoT solutions, as well as a range of products for data centers, all-flash storage, and WiFi. In 2018, the sales revenue of Huawei’s enterprise business reached USD 10.9 billion, up 23.8% year-on-year.

In its cloud business, Huawei launched 160 cloud services and 140 solutions, and worked with its partners to serve customers worldwide with 40 availability zones across 23 regions. Huawei has grown its list of partners to more than 6,000 in this domain, and is actively exploring the use of its AI services in more than 200 projects across 10 major industries.

In its consumer business, Huawei further increased its share of the global smartphone market and has further enhanced the positioning of its high-end devices. It has also made major breakthroughs in building an intelligent ecosystem for all user scenarios. In 2018, the sales revenue of Huawei’s consumer business reached USD 51.3 billion, up 45.1% year-on-year.

“Cyber security and user privacy protection are at the absolute top of our agenda. We are confident that the companies that choose to work with Huawei will be the most competitive in the 5G era. And countries that choose to work with Huawei will gain an advantage for the next wave of growth in the digital economy.” Ping added.

Comments

Comments