Huawei expects 2019 revenues up 18%

Author: EIS Release Date: Feb 28, 2020

Huawei expects 2019 revenues to rise 18% on 2018 to $121.72 billion, 1.5% lower than the 19.5% growth in 2018 over 2017.

 

Huawei is the world’s biggest supplier of switchgear and second biggest supplier of smartphones.

 

Reuters calculates Huawei Q4 revenue at $23.28 billion up 3.9% y-o-y.

 

Huawei shipped 240 million smartphones in 2019, a 20% increase from 2018.