Connect with us


Huawei 2019 revenue to jump to record $121 billion with 18% YoY growth rate



2019 brought many ups and downs for Huawei but by presenting an overall record of this year, the company’s revenue rose to a record 18% Year on Year (YoY) despite all the challenges from the Trump administration.

Eric Xu, Huawei’s rotating chairmen, says in a letter to its Huawei staff and customers in which he forecasted a difficult year ahead, saying that the firm was unlikely to grow as fast as it did in the first half of this year.

The revenue graph of Huawei comes at 18% revenue growth and 850 billion yuan ($121.72 billion) in 2019, which is a record earning compared to last year but Xu believes that it’s still a lower growth rate than the expectations.

Xu did not reveal the complete Q4 results but according to Reuters, based on previous statements, revenue in the quarter to end December 31 rose to 240 billion yuan ($23.28 billion), 3.9% from a year earlier and slower than the 27% increase it reported in the Q3.

“The external environment is becoming more complicated than ever, and downward pressure on the global economy has intensified,” he said.

“In the long term, the US government will continue to suppress the development of leading technology – a challenging environment for Huawei to survive and thrive.”

Also, Check:

EMUI 10 public beta recruitment starts for Huawei MediaPad M6 series in China


Yash is a graduate of computer science and followed his way into journalism, he is interested in various subjects related to technologies and politics. Yash likes to listen classical songs and has a huge library of classical mixes.