Huawei, the original switch manufacturer since 1987, has now become one of the largest telecommunication equipment and consumer device manufacturers in the world. Huawei organized an event on March 31, 2020, to release its annual report of the year 2019.
The report shows solid business performance while they commit to greater value to the society and customers in the coming days. They have shown exceptional performance in the year 2019 despite having challenges including the US restrictions. The US government had put Huawei on the entity list, restricting them to use any components, products from the US. With which, Huawei had started to create an ecosystem of its own.
Huawei has recently launched the P40 series phones with its Huawei Mobile Service (HMS) over the top of open-source Android OS.
The annual report claims, “Huawei has achieved solid business performance and commitment to creating greater value for customers and society”. The global transaction profits have reached $121.21 billion with a growth rate of 19.1%. Consequently, the net profit has risen up at $8.85 billion and its cash movement from operating actions crowned at $12.90 billion having a growth rate of 22.4%. The company endowed 15% of its profits into R&D. The total R&D investment over decades has crossed $84.68 billion.
Huawei’s Rotating Manager Eric Xu expresses, “2019 was an extraordinary year for Huawei. Despite enormous outside pressure, our team forged ahead with a singular focus on creating value for our customers. We worked hard to earn their respect and trust, as well as that of our partners around the globe. The business remains solid.”
5G Network Profit
Huawei had formed the 5G networks facility in the year 2019. The company has established 5G joint innovation centers together which has carriers worldwide to improve 5G applications. In addition to this, Huawei’s RuralStar base station solutions can help to solve rural coverage complications in inaccessible areas. These solutions are used by 40 million people over 50 countries residing in village areas. The sales revenue from this Carrier business got $41.87 billion with a Year on year(YoY) growth rate of 3.8%.
Globally 700 cities and 228 Fortune Global 500 companies and industries have been using Huawei as their digital gadget. Moreover, Huawei had launched the fastest AI processor, the Ascend 910, and the AI training cluster Atlas 900. From this, Huawei has been able to make a profit of $12.66 billion with a YoY growth rate of 8.6% in the year 2019.
The company had shipped 240 million smartphones in 2019. Subsequently, the company had made profits from other gadgets like desktop computers, tablets, bands, etc. This has led sales revenue to reach $65.95 billion getting a YoY growth rate of 34%.
We all have been using Huawei’s gadgets for decades and are well-familiar with its improvements and additional features. Also, the company has employed 194,000 employees to make the life of customers better. Moreover, the increased annual report of 2019 shows the popularity of Huawei globally.