Huawei shook off U.S. warnings to achieve two things in 2018 for the first time ever

Huawei shook off U.S. warnings to achieve two things in 2018 for the first time ever
Huawei experienced a couple of firsts last year. The Chinese phone and networking gear firm grossed over $100 billion in 2018, the first time that the company has surpassed this mark. The actual revenue garnered by Huawei last year was 721.2 billion yuan, equivalent to $107.13 billion USD. And last year, for the first time ever, Huawei's consumer division was responsible for the majority of the firm's business.

Huawei's consumer division, which includes its handsets, brought in 348.9 billion yuan ($52 billion USD) last year. That was a 45.1% hike over 2017's figure and was led by popular high-end phones like the Huawei P20 Pro and the Huawei Mate 20 Pro. The manufacturer shipped over 200 million smartphones last year, placing it third after Samsung and Apple. The company has design's on the top spot this year. It recently unveiled its new P30 line and its foldable Mate X.

The company's carrier business, which includes the networking equipment business, generated sales last year of 294 billion yuan ($43.8 billion USD). That was a small decline from the 297.8 billion yuan that the division grossed in 2017. One reason for the decline was the warnings sent out by the U.S. government to its allies. In addition, U.S. government agencies are prevented by law from using Huawei products.

Huawei is considered a national security threat in the states because the Chinese government could request that the firm do intelligence work for it at anytime. Despite comments from executives stating that it would defy such an order, Huawei could be legally obligated to use its phones and networking equipment as tools to obtain information for the communist Chinese government. Still, even with pressure from the U.S., the company remains the top supplier of networking equipment gear in the world.

Even with all of the questions about whether Huawei equipment can be trusted, the company expects double digit growth in revenue for 2019. And so far, the new year has been good to Huawei in that regard. One of the executives who rotates as Huawei's chairman, Guo Ping, said that the combined revenues for January and February of this year are up 30% compared to the same two months last year.

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6 Comments

1. Cat97

Posts: 1804; Member since: Mar 02, 2017

It is never a good sign for a company to rely on the consumer division. The enterprise division should e the most powerful.

5. Tziggy14

Posts: 623; Member since: Sep 02, 2014

Their enterprise division is still their main moneymaker, it's just that their smartphone sales are growing faster.

2. antroid

Posts: 375; Member since: Jan 24, 2018

Just imagine what would have happened if they had the ban for their smartphones & Network equipment. They could easily be overthrown Samsung and Apple

3. frequency

Posts: 102; Member since: Aug 13, 2013

That's part of the reason Sammy's fans on this site always criticize HUAWEI for no matter good or bad news. They have such fear that huawei would surpass their current position in the global competition. After my reply, these fans gonna compass me and start to bully. They don't like us showing opinions as a real customer.

4. cmdacos

Posts: 3974; Member since: Nov 01, 2016

On the contrary. Good competition drives innovation. There hasn't been innovative completion in some time so this is welcome.

6. XyAzario

Posts: 35; Member since: Mar 15, 2019

agreed.

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