The company Huawei yesterday to disclose its financial results for the year 2018 as a whole, it results that confirmed us that the Chinese company has achieved a stunning increase in revenue by 19.5 percent compared with the year 2017. The increased sales of smart phones of the company increased by 25.1 percent compared to the previous year. The company recorded strong revenue stood at 107.13 billion USD with the knowledge that this is the first time that they exceed a Huawei the barrier of US $ 100 million in terms of revenues.
As announced Huawei about a significant improvement in earnings compared with the year 2017. The company announced the Chinese about a 28 percent increase in net profits to reach $ 8.8 billion in 2018 note that the company achieved an increase in earnings of 0.4 percent only in 2017 compared with 2016. Last year was great for the Chinese company.
Despite the success, the company is subject currently under pressure is severe due to allegations of spying on behalf of the Chinese government. Specifically, many of the governmental bodies in many countries (especially the United States) prohibiting the use of equipment and Huawei in its network core infrastructure and communications, a sector in which I’ve invested a Huawei years ago.
In early March, the company held a Huawei event years, where he filed a lawsuit against the U.S. government because of the abuse of public company and its and “damaging its reputation” without proof that Huawei represents a threat to the security already.
In 2016, the company announced the Huawei she aspires to become the first manufacturer of smartphones in the world by the year 2021. As of July 2018, occupied Huawei ranked second in both shipments and market share while continuing to clamp down on the company Samsung, which still retains the first place. At this rate, I don’t doubt that Huawei will become the company’s best-selling smartphones in the world. It seems that all the troubles of the political did not prevent Huawei from reaching its goal.