GSMArena.com - Latest articles: Huawei's annual revenue surpasses $100 billion for the first time

GSMArena.com - Latest articles GSMArena.com is the ultimate resource for GSM handset information. This feed contains the latest articles (news and reviews) in chronological order.

Huawei's annual revenue surpasses $100 billion for the first time Mar 29th 2019, 06:15 On Friday, Huawei Technologies released its financial reports from 2018 to reveal a staggering revenue increase of 19.5% over 2017. The company's smartphone sales revenue has increased by 25.1% over the previous year. It reported a strong sales revenue of CNY 721.2 billion or $107.13 billion. This is the first time Huawei has ever surpassed over $100 billion in revenue. It also reported great profit improvements over 2017. Huawei is reporting a 28% increase of net profits at $8.8 billion for 2018 versus only a 0.4% increase in 2017 over 2016's profits. Last year was a great one for the...

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