Huawei is one of the leading tech giants across the world. Several times, the company has flourished its name and fame on the global platform. With constant efforts and innovative techniques, Huawei has attained its place in the 2022 Fortune Global 500 list.
Recently, the business inspection cooperation – Fortune announced the 2022 Global list of companies that includes the top organizations of the world, including Huawei. The inspection firm is well-known to showcase the overall growth of companies around the globe.
Over the past few years, the pandemic has ruptured many sectors around the world. Consequently, there is a need to understand the growth of the digital economy on a global basis. Hence, Fortune has the responsibility of providing an accumulated and accurate report of sales and profits that has broken record levels in the year 2021.
Favorably, Huawei managed to secure its position among the top 100 companies in the Fortune Global 500 list. Approx 145 Chinese companies came under the list category. Among them, the Chinese manufacturer is standing at the 96th rank.
Speaking of the revenue details of Huawei, the company has slightly come down over the past year. It has fallen from 44th rank directly to 96th. Besides, the revenue has also decreased to 23.6 percent. But it does not mean that the company is playing at the loss.
A good profit of 88.2%
Alternatively, the Chinese tech maker has hyped its profit percent to 88.2. Well, that gets equal to 17.62 billion USD. Hence, we cannot say that the company has declined in any manner. Concerned with the tiny step back, Huawei knows how to tackle the obstacles on its way.
Moreover, we should not forget that the company is playing the lead role in the foldable smartphone market. Huawei is consistent regarding new upbringings in the market. And soon, the firm will be able to recover its loss with a good amount of profit.