Huawei announced today, Tuesday, the company’s annual revenue increased by 19% during 2019, as the company was able to achieve revenues of $ 121.1 billion.
Despite the tendency of many market analysts’ expectations at the beginning of 2019, that Huawei will face revenue losses and a decrease in sales after the absence of “Google” services from the company’s versions of its smartphones and the imposition of restrictions and restrictions from the American administration on “Huawei”, the Chinese giant has managed Achieve revenue growth in 2019.
In a report published today by Xinhua News Agency, it revealed that Huawei’s annual revenue increased by 19.1% during 2019, which amounts to 121.1 billion dollars.
The company announced a net profit of 62.7 billion yuan, an annual increase of 5.6% and an annual decrease compared to an increase in the annual profit percentage in 2018 by 25.1%.
The consumer sector contributed to Huawei’s revenue by more than half of the company’s profits in 2019, i.e. an annual growth of 34%, or the value of 467.3 billion yuan, and the company was also able to record profits in the transportation and network sectors.