huaweis 2018 revenue surpasses 100 million for the first time

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…