Huawei tops $100 billion revenueChristian Fernsby ▼ | October 16, 2019
Huawei’s revenue grew 19.5 percent in 2018, surpassing $100 billion for the first time.
Huawei Sales came in at 721.2 billion yuan
Sales in its carrier business, which is its core networking equipment arm, reached 294 billion yuan, slightly below the 297.8 billion yuan recorded in 2017.
The real driver of growth was the consumer business, with revenue for that division rising 45.1 percent year-on-year to reach 348.9 billion yuan. For the first time, consumer business is now the biggest share of Huawei’s revenue. ■