Huawei’s income grew 19.5 % in 2018, surpassing $100 billion for the primary time, regardless of persevering with political headwinds from around the globe.
Gross sales got here in at 721.2 billion yuan ($107.13 billion) final yr. Internet revenue reached 59.three billion yuan, larger by 25.1 % in comparison with a yr in the past. The income progress was sooner than that seen in 2017, however the internet revenue rise was barely slower.
Huawei’s numbers are a vivid spot for the agency, which has confronted intense political strain. The U.S. authorities has raised issues that Huawei’s community gear might be utilized by the Chinese language authorities for espionage. Huawei has repeatedly denied these allegations.
Gross sales in its provider enterprise, which is its core networking gear arm, reached 294 billion yuan, barely under the 297.eight billion yuan recorded in 2017.
The true driver of progress was the buyer enterprise, with income for that division rising 45.1 % year-on-year to succeed in 348.9 billion yuan. For the primary time, shopper enterprise is now the most important share of Huawei’s income.