Huawei Hits Record $122 Billion in Revenue in 2022

Chinese giant Huawei has seen more than its fair share of struggle in 2019 due to the Usa imposed ban on the company that saw virtually U.s. businesses cutting commercial ties with the company.

However, in an e-mail to employees, Huawei's rotating chairman Eric Xu revealed the visitor's strong revenue for the yr of 2019. According to the email, Huawei earned a whopping ￥850 billion ($122 billion) in acquirement this yr. That'due south a growth of eighteen% in revenue from final year.

Xu likewise said that the company sold 240 million smartphones globally in 2019, upwardly from 206 million in 2018. That number is no doubt helped by the company'south potent sales of the Huawei Mate 30 series of smartphones that has reportedly sold 12 million units so far.

The 240 1000000 units that Huawei sold is definitely a big number, only every bit Eric Xu said in the email to Huawei employees, "These figures are lower than our initial projections, however business remains solid and we stand up strong in the face of adversity."He besides added that the visitor is facing a "strategic and long term" campaign confronting information technology from the US regime, and that if matters did not ameliorate, the company will face difficulties going ahead in 2020. He said that survival is the main focus of the visitor in the next yr.

Even as Huawei faces constant pressure from the Usa government, which is going effectually asking its allies to forego relations with Huawei, and not use Huawei technologies in their communications systems, the Chinese behemothic has scored 5G contracts from countries like Russia and Cathay, and was recently reported to accept been allowed to supply non-core equipment to Britain equally well. Moreover, the company has been allowed to supply 5G equipment to Bharat, as appear by telecom government minister Ravi Shankar Prasad yesterday.